A 7 year, $100,000 Bond was issued 2 years ago. Semi annual coupons are being received at
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Question:
A 7 year, $100,000 Bond was issued 2 years ago.
Semi annual coupons are being received at 6.89% pa and the market is now returning 5.82%.
Correctly identify the figure (as a percentage) that would be used in the Bond Pricing Formula that represents "i".
Round to TWO decimal places.
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