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6. An investor purchased a $60,000 bond with coupons payable at j2 = 6% on March 1, 2010 (first coupon was due on September 1,

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6. An investor purchased a $60,000 bond with coupons payable at j2 = 6% on March 1, 2010 (first coupon was due on September 1, 2010) for $55,200. He then sold this bond $58,200 on March 1, 2015. Using the method of averages, what is the investor's yield rate, 12

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