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Consider a bond with a 8 % semiannual coupon bond, 1 5 years to maturity, and a par value of $ 1 , 0 0

Consider a bond with a8%
semiannualcoupon bond,15
yearsto maturity, and a par value of $1,000. The
current price is $1038.09. What is the yield
to maturity?7.57%8.25%6.74%8.89%

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