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Posted on Aug 10, 2024

a bond with a face value of 1 0 0 0 has 1 2 years until maturity, has a coupun rate of 6 . 4

a bond with a face value of

1000

has

12

years until maturity, has a coupun rate of

6.4 %,

and sells for

1097 .

What is the yield to maturity if interest is paid semiannually?

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