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A bond currently sells at 92% of face value in the marketplace. The bond pays semi-annual coupons with a coupon rate of 4.2% APR.

A bond currently sells at 92% of face value in the marketplace. The bond pays semi-annual coupons with a coupon rate of 4.2% APR. The face value of the bond is $1,000, and the bond will mature in exactly 7.5 years. What is the yield to maturity for this bond at the current price? (Express as an APR)

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