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A Treasury bond with the longest maturity (30 years) has an ask price quoted at 109.4375....

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Finance

A Treasury bond with the longest maturity (30 years) has an askprice quoted at 109.4375. The coupon rate is 2.60 percent, paidsemiannually. What is the yield to maturity of this bond?(Do not round intermediate calculations. Enter your answeras a percent rounded to 2 decimal places.)

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