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A $ 5 , 4 0 8 par value bond is purchased for $ 5 , 9 2 0 . If this purchase represents a
A $ par value bond is purchased for $ If this purchase represents a current yield of compute the bond's coupon rate. Round your answer to the nearest tenth of a percent.
A $ par value bond is purchased for $ If this purchase represents a current yield of compute the bond's coupon rate.
Round your answer to the nearest tenth of a percent.
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