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sury bond with 5 years to maturity is currently quoted at 1 0 7 : 1 5 . The bond has a coupon rate of

sury bond with 5 years to maturity is currently quoted at 107:15. The bond has a coupon rate of 7.7 percent. What is the yield f a 32 nd for this bond? (Do not round intermediate calculations. Round your answer to 3 decimal places.)
alue (in basis points)
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