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A bond has a par value of $1,000 and currently sells in the market for $953.58. The bond makes quarterly interest payments of $14 each

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A bond has a par value of $1,000 and currently sells in the market for $953.58. The bond makes quarterly interest payments of $14 each and has 7.9 years remaining until maturity. What is the bond's coupon yield? Go out three decimals - for example, write 82% as 082

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