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The Petit Chef Co . has 1 0 . 4 percent coupon bonds on the market with seven years left to maturity. The bonds make

The Petit Chef Co. has 10.4 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments and have a par value of $1,000.
If the bonds currently sell for $1,119.34, what is the YTM?

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