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A bond has an annual coupon of 4%, paid semiannually. This $1,000 par bond currently sells for $880 and matures in 5 years. Tell me

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A bond has an annual coupon of 4%, paid semiannually. This $1,000 par bond currently sells for $880 and matures in 5 years. Tell me this bond's conventional yield to maturity, which is a nominal rate and is also referred to as the Bond Equivalent Yield (BEY). Enter in percent to 2 decimal places. Do not include the percent sign. Your

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