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A coupon bond with a face value of $ 1 0 0 has a coupon rate of 6 % with semi - annual coupons and

A coupon bond with a face value of $

100

has a coupon rate of

6 %

with semi

-

annual coupons and it will mature in

7

years. If it is currently priced $

106,

what is its yield

-

-

maturity? Round to the tenth of a percent

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