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A bond has a par value of $1,000 and currently sells in the market for $1029.7. The bond makes quarterly interest payments of $10 each

A bond has a par value of $1,000 and currently sells in the market for $1029.7. The bond makes quarterly interest payments of $10 each and has 9.3 years remaining until maturity. What is the bond's coupon yield? Go out three decimals - for example, write 8.2% as.082

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