A 3-year bond paying 4 annual coupons pays 1000 at maturity


A 3-year bond paying 4% annual coupons pays $1000 at maturity. Today the bond sells for $986.98. To the nearest one hundredth of one percent, the bond's yield is?

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Financial Management: A 3-year bond paying 4 annual coupons pays 1000 at maturity
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