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Posted on Sep 20, 2024

A bond with a $ 2 , 0 0 0 face value and 1 3 years remaining until maturity pays a coupon rate of 7

A bond with a $

2, 000

face value and

13

years remaining until maturity pays a coupon rate of

7.5 %

compounded semi

-

annually. Calculate the yield to maturity if the bond is priced at $

1, 600 .

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