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A bond has a par value of $1000 and currently sells in the market for $965.06. The bond makes quarterly interest payments of $39 each
A bond has a par value of $1000 and currently sells in the market for $965.06. The bond makes quarterly interest payments of $39 each and has 7.1 years remaining until maturity. What is the bonds coupon yield? Go out three deximal places.
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