Bonds two years ago at a coupon rate

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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 %

Reference no: EM13909154

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