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A municipal bond with a coupon rate of 5 . 3 0 percent sells for $ 4 , 8 7 5 and has twelve years

A municipal bond with a coupon rate of 5.30 percent sells for $4,875 and has twelve years until maturity. What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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