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ist 16 K A $1,000 par value bond with a 7.25% coupon rate (semianual interest) matures in 7 years and currently sells for $983

ist 16 K A $1,000 par value bond with a 7.25% coupon rate (semianual interest) matures in 7 years and currently sells for $983 18. What is the bond's yield to maturity and bond equivalent yield? CITTS The bond's yield to maturity is% (Round to two decimal places.)

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