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Please answer quick What is the annual yield on a $11,500,15-year, 9.0% bond that makes annual coupon payments and was purchased at 107.0 ? The

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image text in transcribed What is the annual yield on a $11,500,15-year, 9.0% bond that makes annual coupon payments and was purchased at 107.0 ? The bond has nine years remaining until maturity. The annual yield on the bond is \%. (Use the TI BA II Plus financial calculator. Enter as a percentage and round to two decimal places.)

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