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7. What is the yield to maturity of a corporate bond with 13 years to maturity, a coupon rate of 8% per year, a $1,000

7. What is the yield to maturity of a corporate bond with 13 years to maturity, a coupon rate of 8% per year, a $1,000 par value, and a current market price of $1,250? Assume semiannual coupon payments

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