Question

On October 21, 2011, the 8 year treasury note has a bid price of 99.18, and...

On October 21, 2011, the 8 year treasury note has a bid price of 99.18, and an asked price of 99.20. The treasury note has a face value of $10,000, and a coupon rate of 5% made semiannually. The treasury note matures on October 19, 2016. What is the ask yield-to-maturity?

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