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A 5 year $11,500 bond paying a coupon rate of 3.75% compounded semi-annually was purchased at 97.30%. Calculate the yield at the time of purchase

A 5 year $11,500 bond paying a coupon rate of 3.75% compounded semi-annually was purchased at 97.30%. Calculate the yield at the time of purchase of the bond. % Round to two decimal places

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