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Evans Emergency Response bonds have 8 years to maturity Interest is paid semiannually. The bonds have a $1.400 par value and a coupon rate

Evans Emergency Response bonds have 8 years to maturity Interest is paid semiannually. The bonds have a $1.400 par value and a coupon rate of 7 percent. If the price of the bond is $1,083.54, what is the annual yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Annual yield to maturity

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