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A Treasury bond futures contract (assume a 6% coupon, semiannual payment with 20 years to maturity) has a settlement price of 94'22. What is the

A Treasury bond futures contract (assume a 6% coupon, semiannual payment with 20 years to maturity) has a settlement price of 94'22. What is the implied annual yield? Do not round intermediate calculations. Round your answer to two decimal places.

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