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Tony's Pizzeria plans to issue bonds with a par value of $ 1.000 and 10 years to maturity. These bonds will pay $ 45 interest

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Tony's Pizzeria plans to issue bonds with a par value of $ 1.000 and 10 years to maturity. These bonds will pay $ 45 interest every 6 months. Current market conditions are suck that the bonds will be sold to net $ 937.79. What is the annual YTM of the issue as a broker would quote it to an investor? 11 10 9 8 7

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