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A zero-coupon bond that matures in 19 years is currently selling for $231.71 per $1,000 par value. What is the promised yield on this bond?

A zero-coupon bond that matures in 19 years is currently selling for $231.71 per $1,000 par value. What is the promised yield on this bond? The promised yield is \%. (Round to two decimal places.)

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