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You observe the following bond trading in the market for $10,540: Face value of $10,000, 3 years to maturity, and 7% coupon. What is the

You observe the following bond trading in the market for $10,540: Face value of $10,000, 3 years to maturity, and 7% coupon.

What is the yield to maturity? Please be sure to express your answer as a percentage without the % sign.

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