These bonds have a coupon rate of 69 percent and make, Financial Management

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These bonds have a coupon rate of 69 percent and make

Rudy Sandberg wants to invest in four-year bonds that are currently priced at $869.77. These bonds have a coupon rate of 6.9 percent and make semiannual coupon payments. What is the current market yield on this bond? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25%.)

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