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The Petlt Chef Co. has 10.2 percent coupon bonds on the market with eleven years left to maturity. The bonds make annual payments and have

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The Petlt Chef Co. has 10.2 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 $1,165.00, what is the YTM ? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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