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Question 12 (1 point) A $5,000 bond paying interest at j2=6%, redeemable at par on April 1, 2009 is priced at $4,600 on April 1,

Question 12 (1 point) A $5,000 bond paying interest at j2=6%, redeemable at par on April 1, 2009 is priced at $4,600 on April 1, 2002. Find the yield rate to 2 decimal places. Show your work in your workbook. Your Answer: Answer Dana 12 of 25

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