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Amelia wants to purchase a bond with a face value of $1,000 currently trading at $952.34 maturing in 10 years. The annual coupon rate of

Amelia wants to purchase a bond with a face value of $1,000 currently trading at $952.34 maturing in 10 years. The annual coupon rate of the bond is 4% with semi-annual payments.

What is the expected annual yield on the bond? You must show work below

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