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Vickie just bought a 6 . 5 % annual coupon bond that will mature in 1 5 years for $ 9 4 0 . Assume

Vickie just bought a

6.5 %

annual coupon bond that will mature in

15

years for $

940 .

Assume the par value is $

1, 000 .

What is the yield

-

-

maturity of this bond?

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