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A $5000, 2.98% bond with semi-annual coupons redeemable at par was purchased 12 years before maturity, at 102.8. What was the approximate yield rate? State

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A $5000, 2.98% bond with semi-annual coupons redeemable at par was purchased 12 years before maturity, at 102.8. What was the approximate yield rate? State only your final answer to four decimal places. For example, if your answer is 5.2635%, enter 5.2635

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