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A 5.75 percent coupon bond with 20 years left to maturity is offered for sale at $1,045.25. What yield to maturity is the bond offering?

A 5.75 percent coupon bond with 20 years left to maturity is offered for sale at $1,045.25. What yield to maturity is the bond offering? (Assume interest payments are semi-annual.)(Round your answer to 2 decimal places.)

Yield to Maturity _______%

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