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A $25,000, 9.5% bond with semi-annual coupons redeemable at par is bought 16 years before maturity at 78.25. What was the approximate yield rate? Please

A $25,000, 9.5% bond with semi-annual coupons redeemable at par is bought 16 years before maturity at 78.25. What was the approximate yield rate?

Please use TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions (if possible)

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