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A $1,000 par value bond with a 7.00% coupon rate (semianual interest) matures in 7 years and currently sells for $978.12. What is the bond's
A
$1,000
par value bond with a
7.00%
coupon rate (semianual interest) matures in
7
years and currently sells for
$978.12.
What is the bond's yield to maturity and bond equivalent yield?
The bond's yield to maturity is
enter your response here%.
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