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Mary is interested to invest a $50,000, 6% bond with semi-annual coupons redeemable at par on April 25, 2018, was purchased on June 25, 2009,

Mary is interested to invest a $50,000, 6% bond with semi-annual coupons redeemable at par on April 25, 2018, was purchased on June 25, 2009, at 94.378. What was the approximate yield rate for Mary's investment? 4 image text in transcribed

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