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Stewart County School District is about to raise funds for a new school through a bond issue. The plan is to raise $3,475,000 with a

Stewart County School District is about to raise funds for a new school through a bond issue. The plan is to raise $3,475,000 with a 2.85% coupon, 10-year bond. The underwriter indicates the bonds will be sold at a price of $101.15 per $100. The yield to maturity on the bond is:

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