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Finance Question (a) You just purchased a $1,000 par value, 5-year, 8% annual coupon bond that pays interest on a semi-annual basis. The bond sells

Finance Question

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(a) You just purchased a $1,000 par value, 5-year, 8% annual coupon bond that pays interest on a semi-annual basis. The bond sells for $950. What is the bond's yield to maturity

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