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Yes They May, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 17 years. The bonds have an annual

Yes They May, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 17 years. The bonds have an annual coupon rate of 14.0% with semi-annual coupon payments. The current market price for the bonds is $922. The bonds may be called in 4 years for 114.0% of par. What is the quoted annual yield-to-maturity for the bonds?

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