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What is the yield to maturity of a 23-year bond that pays a coupon rate of 8.25% per year, has a $1,000 par value, and

What is the yield to maturity of a 23-year bond that pays a coupon rate of 8.25% per year, has a $1,000 par value, and is currently priced at $1,298.05? Assume semi-annual coupon payments. Round the answer to two decimal places in percentage form. ALL WORK MUST BE SHOWN.

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