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Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 3 3/8% coupon rate, 25 year maturity that is currently selling for

Barry Cuda is considering the purchase of the following Builtrite bond:  $1000 par, 3 3/8% coupon rate, 25 year maturity that is currently selling for $920. 




If Barry purchases this bond, what would his approximate yield to maturity be?

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