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Question 1 5 pts Suppose you are looking to invest in a $1,000, semi-annual bond, with an annual coupon rate of 7.4%. If the
Question 1 5 pts Suppose you are looking to invest in a $1,000, semi-annual bond, with an annual coupon rate of 7.4%. If the bond has 7 year left to maturity and if the bond is quoted at 102, what is the yield-to-maturity of the bond? (Round your answer to 2 decimal point)
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