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7. In April 2021 AT&T issued a $50,000 bond with a 5% coupon rate, a 5-year maturity and you purchased it. In April of

7. In April 2021 AT&T issued a $50,000 bond with a 5% coupon rate, a 5-year maturity and you purchased it. In April of 2024, you sold this bond in the secondary market for $53,500. What was the yield on the bond that you sold? How did this yield compare to the coupon, and how do you feel about that?

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