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Evans Emergency Response bonds have 6 years to maturity. Interest is paid semiannually. The bonds have a $1,000 par value and a coupon rate of

Evans Emergency Response bonds have 6 years to maturity. Interest is paid semiannually. The bonds have a $1,000 par value and a coupon rate of 8 percent. If the price of the bond is $1,073.55, what is the annual yield to maturity?

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