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Given a bond with coupon 5% and maturity 2 years, if it has a price of 95, what is it's yield? (Nearest 0.01%, but input

Given a bond with coupon 5% and maturity 2 years, if it has a price of 95, what is it's yield? (Nearest 0.01%, but input e.g. 5.02 for 5.02%, not 0.0502).

Correct Answer:

7.75 0.005

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