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You notice in the WSJ a bond that is currently selling in the market for $1,065 with a coupon of 11 % and a(n) 20-year maturity

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You notice in the WSJ a bond that is currently selling in the market for $1,065 with a coupon of 11 % and a(n) 20-year maturity. Using annual compounding, calculate the promised yield on this bond. 
The bond's promised yield is 
%. (Round to two decimal places.)