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A coupon bond has a 6 % coupon rate and pays its coupons semiannual has a par value of $ 1 , 0 0 0

A coupon bond has a

6 %

coupon rate and pays its coupons semiannual has a par value of $

1, 000,

matures in

8

years, and is selling today at a $

62.35

discount from its par value. The yield to maturity on this bond is

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