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A 6 . 7 5 percent coupon bond with 2 0 years left to maturity is offered for sale at $ 1 , 1 4

A 6.75 percent coupon bond with 20 years left to maturity is offered for sale at $1,145.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.)(Round your answer to 2 decimal places.)

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