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Calculate the yield - to - maturity of a 20 - year bond with current price of 980.50 , 8.3 % semi - annual coupon

Calculate the yield - to - maturity of a 20 - year bond with current price of 980.50 , 8.3 % semi - annual coupon and par value of 1,000 Report this as a raw number ( 5.6 % should be reported as 5.6 , not 0.056 ) on an annualized basis

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