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15. A bond with 20 years remaining until maturity is currently trading for 111 per 100 of par value. The bond offers a 5% coupon

15. A bond with 20 years remaining until maturity is currently trading for 111 per 100 of par value. The bond offers a 5% coupon rate with interest paid semiannually. The bond's annual yield-to-maturity is closest to

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