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A 4.90 percent coupon bond with 17 years left to maturity is offered for sale at $974.31. What yield to maturity is the bond offering?

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A 4.90 percent coupon bond with 17 years left to maturity is offered for sale at $974.31. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) Yield to maturity

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