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Question 5 of 7 A 10 year $12,500 bond paying a coupon rate of 3.25% compounded semi-annually was purchased at 98.40%. Calculate the yield at

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Question 5 of 7 A 10 year $12,500 bond paying a coupon rate of 3.25% compounded semi-annually was purchased at 98.40%. Calculate the yield at the time of purchase of the bond. % Round to two decimal places

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