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Springfield Nuclear Energy Inc. bonds are currently trading for $94.92. The bonds have a face value of $100, a coupon rate of 4% with coupons
Springfield Nuclear Energy Inc. bonds are currently trading for $94.92. The bonds have a face value of $100, a coupon rate of 4% with coupons paid annually, and they mature in 6 years. What is the yield to maturity of the bonds?
Express your answer in percentage form rounded to one decimal place.
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