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A bond is currently selling in the market for $799.25. It has a coupon of 11% and a(n) 10-year maturity. Using annual compounding, calculate the

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A bond is currently selling in the market for $799.25. It has a coupon of 11% and a(n) 10-year maturity. Using annual compounding, calculate the promised yield on this bond. The yield to maturity on the bond is %. (Round to the nearest whole percent.)

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