A treasury bond with a maturity

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A Treasury bond with a maturity of 25 years has an ask price quoted at 139:31. The coupon rate is 4.9 percent, paid semi-annually. What is the yield to maturity of this bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM13723733

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