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2215 points A bond that pays semi-annual interest is currently selling for $1,120 . The bond matures in 10 years and has a coupon payment

2215 points\ A bond that pays semi-annual interest is currently selling for

$1,120

. The bond matures in 10 years and has a coupon payment of

7%

. Par is

$1,000

. Calculate the yield to maturity on the bond.\ Edit View Insert Format Tools Table

15 points A bond that pays semi-annual interest is currently selling for $1,120. The bond matures in 10 years and has a coupon payment of 7%. Par is $1,000. Calculate the yield to maturity on the bond. Edit

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