Question: For the problem in this part, use the following information about a Vertox Corp. bond: BioCrypt Corp. 3.95% 2038 (assume the term is 12 years)

For the problem in this part, use the following information about a Vertox Corp. bond:

BioCrypt Corp. 3.95% 2038 (assume the term is 12 years)

If the bond is quoting at 101.50 then the yield to maturity on the bond (rounded to two decimal places as a percent) is ... %

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