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A bond pays a 4% coupon (stated annually, paid semiannually). Its priced is currently $925 and its term to maturity in 11 years. If an

A bond pays a 4% coupon (stated annually, paid semiannually). Its priced is currently $925 and its term to maturity in 11 years. If an investor buys the bond and holds it to maturity, what is his/her expected yield?

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