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A 6 year $ 1 1 , 5 0 0 bond paying a coupon rate of 4 . 7 5 % compounded semi - annually

A 6 year $11,500 bond paying a coupon rate of 4.75% compounded semi-annually was purchased at 101.40. Calculate the yield at the time of purchase of the bond. (Enter your answer as a percent, rounded to 2 decimal places, and include the % sign.)
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