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An n-year 4.75% annual coupon bond with par and redemption value of 100 is selling for 95.59, and a similar bond with 6.25% coupons on
An n-year 4.75% annual coupon bond with par and redemption value of 100 is selling for 95.59, and a similar bond with 6.25% coupons on the same yield basis would sell for 108.82. Find the yield rate.
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