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Business, 05.08.2020 19:01 christinaS7696

The Petit Chef Co. has 11.9 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,113.46, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
Yield to maturity %

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