What would be your bond equivalent yield if you sold the, Financial Management

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What would be your bond equivalent yield if you sold the

Three years ago you purchased a 10?% coupon bond that pays semiannual coupon payments for $975. What would be your bond equivalent yield if you sold the bond for current market price of $1050.

Your bond equivalent yield, if you sold the bond for current market price, is ___%. ?(Round to two decimal places.)

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