A US Treasury bond has a maturity of 10 years and a face value of $$ 10,000$
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A US Treasury bond has a maturity of 10 years and a face value of $\$ 10,000$ with a $5 \%$ coupon rate. Trading of the bonds has been pretty active, and the current quoted price is $\$ 96,500$. What yield can an investors expect if they buy these bonds and hold them full-term?
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