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Suppose that on December 15, 2020, you observed the following quote of a semiannual coupon bond with a par value of $1,000. Maturity: December/15/23 Coupon:
Suppose that on December 15, 2020, you observed the following quote of a semiannual coupon bond with a par value of $1,000.
Maturity: December/15/23
Coupon: 3.0000
Bid: 97.0000
Ask: 99.0000
Change: -0.0050
Asked yield:_____
What is the asked yield?
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