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Suppose, for the sake of this question, that a 1 0 - year Treasury bond pays the principal value of $ 5 , 0 0
Suppose, for the sake of this question, that a year Treasury bond pays the principal value of $ at maturity but makes no interest payments. The Treasury sold the bond on April Suppose that the bond's price on December is $ Then at that time its annualized yield to the nearest hundredth of a percent is
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