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Compute the yield to maturity of a bond with 6 percent coupon, $1000 par vaule, 8 years remaining to maturity when it is now sold

Compute the yield to maturity of a bond with 6 percent coupon, $1000 par vaule, 8 years remaining to maturity when it is now sold for 950 in the market image text in transcribed
8. Compute the yield to maturity of a bond with 6 percent coupon, $1000 par value, 8 years remaining to maturity when it is now sold for $950 in the market. ( 5 points)

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