Sopranorsquos spaghetti factory issued 17-year bonds two, Financial Management

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Sopranorsquos spaghetti factory issued 17-year bonds two

Soprano’s Spaghetti Factory issued 17-year bonds two years ago at a coupon rate of 7.40 percent. If these bonds currently sell for 96.5 percent of par value, what is the YTM? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

YTM %

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Financial Management: Sopranorsquos spaghetti factory issued 17-year bonds two

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Financial Management: Sopranorsquos spaghetti factory issued 17-year bonds two

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