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Consider a bond with a coupon rate of 6% that pays semiannualinterest and matures in six years. The bond has a par value of$1,000 and

Consider a bond with a coupon rate of 6% that pays semiannualinterest and matures in six years. The bond has a par value of$1,000 and is selling for $784.54. What is the yield to maturity?(Rounded 2 answers

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