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You purchase 1,000 of the following bonds at a discounted price of $59.178. 6.5% coupon, 25 years to maturity, Duration 9.369; Convexity 137.216; semiannual compounding

You purchase 1,000 of the following bonds at a discounted price of $59.178.

6.5% coupon, 25 years to maturity, Duration 9.369; Convexity 137.216; semiannual compounding

Calculate the yield to maturity (YTM) on this bond stated as a bond equivalent yield (BEY)?

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