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5. Bond Yields. A bond has eight years until maturity, has a coupon rate of 8%, and sells for $1,100. ( LO61 and LO62) a.

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5. Bond Yields. A bond has eight years until maturity, has a coupon rate of 8%, and sells for $1,100. ( LO61 and LO62) a. What is the yield to maturity if interest is paid once a year? Answer b. What is the yield to maturity if interest is paid semiannually

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