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Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $ 1 , 0 0 0 par

Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9%.
What is the yield to maturity at a current market price of
$1,106? Round your answer to two decimal places.
%

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