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Melissa Price bought a 15-year bond issued by Kroger five years ago for $1,064.28. The bond makes semiannual coupon payments at a rate of 8.5

Melissa Price bought a 15-year bond issued by Kroger five years ago for $1,064.28. The bond makes semiannual coupon payments at a rate of 8.5 percent. If the current price of the bonds is $1,083.64, what is the yield that Melissa would earn by selling the bond today? n i PV PMT FV

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