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Three years ago you purchased a 7 % coupon bond that pays semiannual coupon payments for $ 9 6 2 . What would be your

Three years ago you purchased a 7% coupon bond that pays semiannual coupon payments for $962. What would be your bond equivalent yield if you sold the bond for current market price of $1,041?
Your bond equivalent yield, if you sold the bond for current market price, is?

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