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What was the approximate yield rate for Mary investment

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Reference no: EM132791508

Question - Mary is interested to invest a $50,000, 6% bond with semi-annual coupons redeemable at par on April 25, 2018, was purchased on June 25, 2009, at 94.378. What was the approximate yield rate for Mary's investment?

Reference no: EM132791508

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