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The Petit Chef Co. has 11 percent coupon bonds on the market with nine years left to maturity. The bonds make semi-annual payments and have

The Petit Chef Co. has 11 percent coupon bonds on the market with nine years left to maturity. The bonds make semi-annual payments and have a par value of $1,000. If the bonds currently sell for $1,139.59, what is the YTM?

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