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Cassandra purchased a $6,500 bond that was paying a 5.75% compounded semi-annually coupon rate and had 7 more years to maturity. The yield rate at

Cassandra purchased a $6,500 bond that was paying a 5.75% compounded semi-annually coupon rate and had 7 more years to maturity. The yield rate at the time of purchase was 5.25% compounded semi-annually.

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