A 100 par-value bond with semiannual coupons is redeemable at the end of 4 years. At a
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A 100 par-value bond with semiannual coupons is redeemable at the end of 4 years. At a purchase price of 105.91, the yield rate per half-year is exactly 1% less than the coupon rate per half-year.
Find the yield rate.
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3rd Edition
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