[Solved] A $1,000 par value bond with a 8.25 % cou

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A $1,000 par value bond with a 8.25 % coupon rate (semianual interest) matures in 5 years and currently sells for $ 991.44 . What

A $1,000 par value bond with a 8.25 % coupon rate (semianual interest) matures in 5 years and currently sells for $ 991.44 . What is the bond's yield to maturity and bond equivalent yield?

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