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Greenbrier Industrial Products' bonds have a 7.6% coupon and pay interest annuallyThe face value is $1,000 and the current market price is $1,062.50 per bond.

Greenbrier Industrial Products' bonds have a 7.6% coupon and pay interest annuallyThe face value is $1,000 and the current market price is $1,062.50 per bond. The bonds mature in 16 years. What is the YTM?

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