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Springfield Nuclear Energy Inc. bonds are currently trading at $1, 601.62. The bonds have a face value of $1, 000, a coupon rate of 7.5%

Springfield Nuclear Energy Inc. bonds are currently trading at $1, 601.62. The bonds have a face value of $1, 000, a coupon rate of 7.5% with coupons paid annually, and they mature in 25 years. What is the yield to maturity of the bonds?

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