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You buy a(n) 2.2% coupon, 16-year maturity bond for $198.36. A year later, the bond price is $186.52. a. What is the new yield to

image text in transcribed You buy a(n) 2.2% coupon, 16-year maturity bond for $198.36. A year later, the bond price is $186.52. a. What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity %

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