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Grand Adventure Properties has a 7 percent coupon bond on the market with ten years left to maturity. These bonds were issued 8 years ago.

Grand Adventure Properties has a 7 percent coupon bond on the market with ten years left to maturity. These bonds were issued 8 years ago. The bond makes annual payments and currently sells for $842.10.

If its face value is $1,000, what is the bonds yield-to-maturity?

(round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)

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