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Q5 A 5 year $11,000 bond paying a coupon rate of 4.50% compounded semi-annually was purchased at 99.60%. Calculate the yield at the time of

A 5 year $11,000 bond paying a coupon rate of 4.50% compounded semi-annually was purchased at 99.60%. Calculate the yield at the time of purchase of the bond. % Round to two decimal places

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