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A $5400,6.7% bond with semi-annual coupons redeemable at par in 3 years was purchased at 102.3. What is the approximate yield rate? a. 2.9329% b.

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A $5400,6.7% bond with semi-annual coupons redeemable at par in 3 years was purchased at 102.3. What is the approximate yield rate? a. 2.9329% b. 75.1659% c. 5.8659% d. 37.5830%

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