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4 . A Treasury bond is priced at 1 0 1 : 0 6 . It was issued exactly 1 4 years ago and is

4. A Treasury bond is priced at 101:06. It was issued exactly 14 years ago and is due to mature exactly 16 years from today. Its coupon rate is 7.5 percent. What is the yield to maturity on this bond?

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