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You just purchased a $1,000 par value, 11-year, 7.1 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $1,037.

You just purchased a $1,000 par value, 11-year, 7.1 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $1,037. What is the bonds nominal yield to maturity (enter answer as a percentage)?

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