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A $1,000 par value bond with a 7.25% coupon rate (semianual interest) matures in 7 years and currently sells for $975.95. What is the bond's

A $1,000 par value bond with a 7.25% coupon rate (semianual interest) matures in 7 years and currently sells for $975.95. What is the bond's yield to maturity and bond equivalent yield?

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