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Two bonds each have face values and redemption values of $100, and the two bonds have the same yield rate. The first is an n-year
Two bonds each have face values and redemption values of $100, and the two bonds have the same yield rate. The first is an n-year bond with 4.75% semiannual coupons, with a purchase price of $95.59. The second is an n-year bond with 6.25% semiannual coupons, and it sells for $108.82. Find the yield rate.
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