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A $1,000 par value bond with a 7.25% coupont rate (semiarual interest) matures in 7 years and currently sells for $903.18. What is the bond's

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A \$1,000 par value bond with a 7.25% coupont rate (semiarual interest) matures in 7 years and currently sells for $903.18. What is the bond's yield to matunty and bond equivalent yield? The bond's yield to maturity is \%. (Round to two decinal places.)

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