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A $1,100 15-year X% bond with semiannual coupons has redemption value $1,250. If the bond is sold at $1,000, the effective semiannual yield is 3.0004%.

A $1,100 15-year X% bond with semiannual coupons has redemption value $1,250. If the bond is sold at $1,000, the effective semiannual yield is 3.0004%. What is the value of X?

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