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A 25-year bond with 6% semiannual coupons and a par value of $100 is purchased by...

A 25-year bond with 6% semiannual coupons and a par value of $100 is purchased by Mary for $89.50 on November 22, 1995, with the first coupon to be paid on May 22, 1996. Find the nominal yield convertible semiannually. Give your answer to three decimal places.

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