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You notice in the WSJ a bond that is currently selling in the market for $1,052 with a coupon of 8 % and a(n) 15

You notice in the WSJ a bond that is currently selling in the market for $1,052 with a coupon of 8 % and a(n) 15 -year maturity. Using annual compounding, calculate the promised yield on this bond.

The bond's promised yield is ______ %. (Round to two decimal places.)

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