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A 25-year bond was issued 7 years ago. The bond has a coupon rate of 7% matures and is selling for 98.50% of its par

A 25-year bond was issued 7 years ago. The bond has a coupon rate of 7% matures and is selling for 98.50% of its par value. Assume that interest is paid semiannually. Find the yield to maturity for the bond.

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