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The Mignon Chef Co. has 10.7 percent coupon bonds on the market with eleven years left to maturity. The bonds make annual payments and have

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The Mignon Chef Co. has 10.7 percent coupon bonds on the market with eleven years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,161,06, what is the YTM? (Do not round intermediate calculations.) Input all stated data in numeric form here

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