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Watters Umbrella Corp. issued 14 -year bonds four years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds

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Watters Umbrella Corp. issued 14 -year bonds four years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds currently sell for 129.4 percent of par value, what is the YTM? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) YTM %

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