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Q4. An 8 year, $10,000 bond paying a coupon rate of 5.50% compounded semi-annually was purchased at 96.10%. Calculate the yield at the time of

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Q4. An 8 year, $10,000 bond paying a coupon rate of 5.50% compounded semi-annually was purchased at 96.10%. Calculate the yield at the time of purchase of the bond. (4 marks) (4 marks)

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