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QUESTION 23 A 20 year bond with 6% per annum coupon pays the coupons semi-annually. The par value is $1,000. If the bond is priced

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QUESTION 23 A 20 year bond with 6% per annum coupon pays the coupons semi-annually. The par value is $1,000. If the bond is priced at $975 what is the yield to maturity of the bond expressed as a bond equivalent yield (BEY)? Report the answer rounded to two decimal places. Omit the % symbol when entering the

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