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A bond has a face(par) value of $14,445; it will mature in 5 years. The bond coupon rate is 1.5%; there are 9 premium payments
A bond has a face(par) value of $14,445; it will mature in 5 years. The bond coupon rate is 1.5%; there are 9 premium payments per year. If the bond is purchased for 93.39% of its face value and later sold at its face value, what is the bond yield rate per period?
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