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A municipal bond with a coupon rate of 5.00 percent sells for $4,860 and has eight years until maturity. What is the yield to maturity

A municipal bond with a coupon rate of 5.00 percent sells for $4,860 and has eight 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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