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bond has a Par Value of US$300,000, a coupon rate of 5%, a market value of 120.23% and pays interest semi-annually. If the bond has

bond has a Par Value of US$300,000, a coupon rate of 5%, a market value of 120.23% and pays interest semi-annually. If the bond has a maturity period of 8 years calculate the yield of the bond

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