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Consider a 6.5%-coupon (semi-annual) bond with 9 years until maturity. If the price of the bond is $1,399.00, what is the yield-to-maturity of the bond?

Consider a 6.5%-coupon (semi-annual) bond with 9 years until maturity. If the price of the bond is $1,399.00, what is the yield-to-maturity of the bond? State your answer as a percentage; e.g. if the answer is 5.00%, write 5.00 rather than .0500.

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