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Question 18 (2 points) Cortney purchased a $10 000 par value bond at a quoted price of 102. The bond has a coupon rate of

Question 18 (2 points) Cortney purchased a $10 000 par value bond at a quoted price of 102. The bond has a coupon rate of 4 percent payable semi-annually. The bond matures in five years. What is the yield to maturity for this bond if interest is compounded semi-annually? (Round answer to two decimal places) Paragraph V B I U A V 4

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