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Sunland Industries has a three-year bond outstanding that pays a 7.80 percent coupon rate and is currently priced at $938.80. What is the yield to

Sunland Industries has a three-year bond outstanding that pays a 7.80 percent coupon rate and is currently priced at $938.80. What is the yield to maturity of this bond? Assume annual coupon payments.(Round answer to 2 decimal places, e.g. 52.75%.)

Yield to maturity ( )%

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