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A bond is currently selling in the market for $ 649.87 . It has a coupon of 9 % anda(n) 30 -year maturity. Using annualcompounding,

A bond is currently selling in the market for $649.87. It has a coupon of 9% anda(n) 30-year maturity. Using annualcompounding, calculate the promised yield on this bond.

The yield to maturity on the bond ____%?

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