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Three years ago you purchased a 8 % coupon bond that pays semiannual coupon payments for $ 9 8 6 . What would be your

Three years ago you purchased a 8% coupon bond that pays semiannual coupon payments for $986. What would be your bond equivalent yield if you sold the bond for current
market price of $1,048?
Your bond equivalent yield, if you sold the bond for current market price, is
%.(Round to two decimal places.)
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