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Evans Emergency Response bonds have 7 years to maturity. Interest is paid semiannually. The bonds have a $1.100 par value and a coupon rate of

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Evans Emergency Response bonds have 7 years to maturity. Interest is paid semiannually. The bonds have a $1.100 par value and a coupon rate of 8 percent if the price of the bond is $1,092 62, what is the annual yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decim Annual yield to maturity

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