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Patricia Johnson is looking to invest in a three-year bond that makes semi-annual coupon payments at a rate of 5.325 percent. If these bonds have

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Patricia Johnson is looking to invest in a three-year bond that makes semi-annual coupon payments at a rate of 5.325 percent. If these bonds have a market price of $988.09, what yield to maturity can she expect to earn? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25%.)

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