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Sheridan Industries has a three-year bond outstanding that pays a 7.65 percent coupon rate and is currently priced at $942.60. What is the yield to

Sheridan Industries has a three-year bond outstanding that pays a 7.65 percent coupon rate and is currently priced at $942.60. What is the yield to maturity of this bond? Assume annual coupon payments. (Round answer to 2 decimal places, e.g. 52.75%.)

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