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Leonidas Corporation has bonds trading on the secondary market for $986.07. The bonds will mature in 7 years and have a face value of $1,000.

Leonidas Corporation has bonds trading on the secondary market for $986.07. The bonds will mature in 7 years and have a face value of $1,000. The bonds pay semi-annual coupons with a 7.53% APR. What is the yield to maturity for an investor who buys the bonds today? (Express as an APR)

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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