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A 6% coupon bond has 7 years remaining until maturity. If thebond's price is 102.5% of par and coupons are paid semi-annually,what is the yield-to-maturity?

A 6% coupon bond has 7 years remaining until maturity. If thebond's price is 102.5% of par and coupons are paid semi-annually,what is the yield-to-maturity? Enter your answer as an annualizedrate i 2 answers

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