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Q5 A 8 year $13,500 bond paying a coupon rate of 3.25% compounded semi-annually was purchased at 97.30%. Calculate the yield at the time of

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A 8 year $13,500 bond paying a coupon rate of 3.25% compounded semi-annually was purchased at 97.30%. Calculate the yield at the time of purchase of the bond. % Round to two decimal places

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