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4. In January 2019 you purchased a $50,000 bond from Walmart with a 3% coupon rate and a 5-year maturity. In December of 2019, you

4. In January 2019 you purchased a $50,000 bond from Walmart with a 3% coupon rate and a 5-year maturity. In December of 2019, you sold this bond in the secondary market for $37,500. What was the yield on the bond that you sold?

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