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A Treasury bond with the longest maturity (30 years) has an ask price quoted at 108.9375. The coupon rate is 2.70 percent, paid semiannually. What

A Treasury bond with the longest maturity (30 years) has an ask price quoted at 108.9375. The coupon rate is 2.70 percent, paid semiannually. What is the yield to maturity of this bond?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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