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Ex: A $ 1 , 0 0 0 par value bond has a 7 . 5 % coupon rate with semi - annual interest payments.

Ex: A $

1, 000

par value bond has a

7.5 %

coupon rate with semi

-

annual interest payments. The bond has

25

years to maturity and is currently trading for $

1, 092.57 .

What is its yield to maturity?

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