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A 6.30 percent coupon bond with 16 years left to maturity is offered for sale at $977.12. What yield to maturity is the bond offering?

A 6.30 percent coupon bond with 16 years left to maturity is offered for sale at $977.12. 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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