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Find the yield-to-maturity for a bond that pays semiannual coupons. The face value is $1,000, coupon rate is 14.47%, and the bond will mature in
Find the yield-to-maturity for a bond that pays semiannual coupons. The face value is $1,000, coupon rate is 14.47%, and the bond will mature in 13 years. The current price of the bond is 942.26.
The answer given is 15.52 but I'm not sure how to get there.
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