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A 9 year, 6.6 percent coupon bond is selling for 106.5 percent of par. What is the bond's market yield if it makes semi-annual coupon
A 9 year, 6.6 percent coupon bond is selling for 106.5 percent of par.
What is the bond's market yield if it makes semi-annual coupon payments? (ROUND ANSWER TO 3 DECIMAL PLACES)
Bond's market Yield = %
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