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Suppose you want to buy a 15-year, $1,000 par value semi-annual bond, with an annual coupon rate of 5%, but pays interest annually. If the

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Suppose you want to buy a 15-year, $1,000 par value semi-annual bond, with an annual coupon rate of 5%, but pays interest annually. If the bond has 10 years left to maturity and it is currently quoted at 102, what is the yield-to-maturity of the bond? (Round your answer to two decimal point)

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