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BOND, JAMES BOND Face Coupon (paid semi-anual) Duration (years) $100,000 3.00% 10 The above bond is currently selling for a price of $109,975. Use this

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BOND, JAMES BOND Face Coupon (paid semi-anual) Duration (years) $100,000 3.00% 10 The above bond is currently selling for a price of $109,975. Use this information to approximately back out what interest rate investors are using as their discount rate. Investor discount rate

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