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Abond's market price is $875. It has a $ 1 , 0 00 par value, will mature in 6 years, and has a coupon interest

Abond's market price is $875.It has a $1,000parvalue, will mature in 6years, and has a coupon interest rate of 8percent annualinterest, but makes its interest payments semiannually. What is thebond's yield tomaturity? What happens to thebond's yield to maturity if the bond matures in 12years? What if it matures in 3years?

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