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A $ 1 , 0 0 0 face value bond has a coupon rate of 5 . 8 % payable semiannually and matures in 1

A $1,000 face value bond has a coupon rate of 5.8% payable semiannually and matures in 16 years. If the bond sells for $995 today, what is the yield to maturity for this bond? Show your work.

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