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You are analyzing a five-year AAA Corporate Bond with a coupon of 3.6% paid semi-annually. The bonds face value is $1,000. You observe that that

You are analyzing a five-year AAA Corporate Bond with a coupon of 3.6% paid semi-annually. The bonds face value is $1,000. You observe that that the latest price at which this bond traded is $1,023.40. What is the current market yield for AAA Corporates?

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