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Posted on Jul 24, 2024

A $ 1 , 0 0 0 par value bond with a 7 . 5 0 % coupon rate ( semianual interest ) matures in

1, 000

par value bond with a

7.50 %

coupon rate

(

semianual interest

)

matures in

6

years and currently sells for $

975.14 .

What is the

bond's yield to maturity and bond equivalent

yield?

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