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United Air has a 7.5% coupon 30 year bond (par value = 1,000). Assume that coupon payments are semi-annual and that the current price is

United Air has a 7.5% coupon 30 year bond (par value = 1,000). Assume that coupon payments are semi-annual and that the current price is $1040.60. What is the yield-to-maturity of this bond?

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