(Answered) Sopranos spaghetti factory issued 11-year bonds two years

Finance

Soprano's Spaghetti Factory issued 11-year bonds two years ago at a coupon rate of 6.20 percent. If these bonds currently sell for 93.0 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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