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A bond with a face value of $1,000 and 15 years remaining until maturity pays a coupon rate of 10%. Calculate its yield to maturity

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A bond with a face value of $1,000 and 15 years remaining until maturity pays a coupon rate of 10%. Calculate its yield to maturity if it is priced at $1,250. (Round your answer to two decimal places.) YTM \% compounded semiannually Assume that: - Bond interest is paid semiannually. - The bond was originally issued at its face value. - Bonds are redeemed at their face value at maturity. - Market rates of return and yields to maturity are compounded semiannually

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