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A $1,000 par value bond with an 8.5% coupon and 2 years until maturity is priced at $1,008.91. What is the bonds yield to maturity
A $1,000 par value bond with an 8.5% coupon and 2 years until maturity is priced at $1,008.91. What is the bonds yield to maturity using annual coupons and annual compounding (and also using semiannual coupons and semiannual compounding)?
annual = ?%
semi-annual = ?%
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