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Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 4 1/4% coupon rate, 15 year riaturity that is currently selling for

Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 4 1/4% coupon rate, 15 year riaturity that is currently selling for $1030. If Barry purchases this bond, what would his approximate yield to maturity be?

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