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You are considering the purchase of Hytec bonds that were issued 14 years ago. When the bonds were originally sold, they had a 30-year maturiry

You are considering the purchase of Hytec bonds that were issued 14 years ago. When the bonds were originally sold, they had a 30-year maturiry and a 14.375% coupon interest rate that is payable semiannually. The bond is currently selling for $1508.72. What is the yield to maturity on the bonds

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