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Posted on May 19, 2024

A bond has a maturity of 1 0 years, face value of $ 1 , 0 0 0 , and coupon rate of 6 .

A bond has a maturity of

10

years, face value of $

1, 000,

and coupon rate of

6.00 % .

Coupon payments are made semiannually. If the bond is currently selling for $

1, 137.90,

compute its annual yield to maturity, with semiannual compounding.

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