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May Industries has a bond outstanding that sells for $ 9 6 1 . The bond has a coupon rate of 4 . 5 percent

May Industries has a bond outstanding that sells for $961. The bond has a coupon rate of 4.5 percent and 28 years until maturity. What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Yield to maturity
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