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You just bought a straight bond that matures in 8 . 5 years for $ 8 7 8 . 5 0 . The bond has

You just bought a straight bond that matures in 8.5 years for $878.50. The bond has a 6% coupon rate. What yield will you get if you hold the bond until maturity?
Answer should be formatted as a percent with 2 decimal places (e.g.99.99).

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