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Springfield Nuclear Energy Inc. bonds are currently trading at $897.65. The bonds have a face value of $1,000 a coupon rate of 7.5% , with
Springfield Nuclear Energy Inc. bonds are currently trading at $897.65. The bonds have a face value of $1,000 a coupon rate of 7.5% , with coupons paid annually, and they mature in 25 year. What is the yield to maturity of the bonds? (Round to 2 decimal places).
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