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World Travel has 7 percent, semiannual, coupon bonds outstanding with a current market price of $800, a par value of $1,000, and it has 3

World Travel has 7 percent, semiannual, coupon bonds outstanding with a current market price of $800, a par value of $1,000, and it has 3 years until maturity. What is the yield to maturity of this bond? (round your answer to 2 decimal places).

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