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Suppose you want to buy a 8-year $1.000 par value semi-annual bond, with an annual coupon rate of 6%, but pays interest semi-annually. If the

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Suppose you want to buy a 8-year $1.000 par value semi-annual bond, with an annual coupon rate of 6%, but pays interest semi-annually. If the bond has 7 years left to maturity and it is currently quoted at 102, what is the yield-to-maturity of the band? (Round your answer to two decimal point)

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