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Use the method of averages to find the approximate yield rate for the bond shown Bond Rate Payable Face Value Semi-annually Time Before Redemption $50,000

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Use the method of averages to find the approximate yield rate for the bond shown Bond Rate Payable Face Value Semi-annually Time Before Redemption $50,000 7% 7 years 3 months Redeemed At: Market Quotation par 95.75 The yield rate is (Round the final answer to the nearest cont as needed. Round all intermediate values to six decimal places as needed)

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