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A Treasury bond with 8 years to maturity is currently quoted at 106:16. The bond has a coupon rate of 7.5 percent. What is the

A Treasury bond with 8 years to maturity is currently quoted at 106:16. The bond has a coupon rate of 7.5 percent. What is the yield value of a 32nd for this bond? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

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