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A $10,000 bond with semi-annual coupons at j2 = 7% and maturing at 98 on...

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Finance

A $10,000 bond with semi-annual coupons at j2 = 7% and maturing at 98 on October 21, 2024 was purchased on October 21, 2018 for $9405.82 and sold on April 21, 2022, for $9506.02.

Using the method of averages, what yield rate, j2, was earned over the period?
  • A. 7.71%
  • B. 7.10%
  • C. 7.76%
  • D. 7.67%

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