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A $ 1 0 0 0 par value bond has an 8 % coupon rate with semi - annual interest payments. The bond has 1

A $

1000

par value bond has an

8 %

coupon rate with semi

-

annual interest payments. The bond has

10

years to maturity and is currently trading for $

1, 387 .

What is the yield to maturity?

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