Treasury bond with the longest maturity

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Reference no: EM131068688

A Treasury bond with the longest maturity (30 years) has an ask price quoted at 97:01. The coupon rate is 2.60 percent, paid semiannually. What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM131068688

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