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A bond issued by Saint Denis Corp. matures 5 years and 2 months from today for $1000. The annual coupon rate on the bond equals
A bond issued by Saint Denis Corp. matures 5 years and 2 months from today for $1000. The annual coupon rate on the bond equals 5% but coupons are paid semiannually. Set up the calculations needed to solve for the yield to maturity on the bond if it trades today for a clean price of $1015.35.
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