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Dawgpound Incorporated has a bond trading on the secondary market that will mature in four years. The bond pays an annual coupon with a coupon

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Dawgpound Incorporated has a bond trading on the secondary market that will mature in four years. The bond pays an annual coupon with a coupon rate of 8.00%. Dawgpound bonds currently trade at $908.00, with a face value of $1,000. If you purchase the bond at this price, what is your yield to maturity? Suppose that General Electric has a bond issue that has 8 years until maturity. The bond pays a 6.00% annual coupon rate with semi-annual coupons, and has a face value of $1,000. The bond currently trades at $980.00. What is the yield to maturity on this bond? (express as an effective annual rate)

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