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use a Financial Calculator or use RATE on excel to show answer A 10-year, 6.6-percent coupon bond is selling for 108.0 percent of par. What

use a Financial Calculator or use "RATE" on excel

to show answer

A 10-year, 6.6-percent coupon bond is selling for 108.0 percent of par. What is the bond's market yield if it makes semi-annual coupon payments? (Round answer to 3 decimal places, eg. 5.795.)

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