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Three years ago you purchased a 11?% coupon bond that pays semiannual coupon payments for ?$963. What would be your bond equivalent yield if you

Three years ago you purchased a 11?% coupon bond that pays semiannual coupon payments for ?$963. What would be your bond equivalent yield if you sold the bond for current market price of ?$1057??

Your bond equivalent? yield, if you sold the bond for current market? price, is ------?%. ?(Round to two decimal? places.)

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