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What is the yield to maturity of a30-year bond that pays a coupon rate of10.69% per year, has a $1000 par value, and is currently

What is the yield to maturity of a30-year bond that pays a coupon rate of10.69% per year, has a $1000 par value, and is currently priced at $999? Assume annual coupon payments.

Round the answer to two decimal places in percentage form. Use Excel or a financial calculator.

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