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Find the yield-to-maturity for a coupon bond with 8 years to maturity, a face value of $1,000, coupon rate of 7.5% if the bond pays
Find the yield-to-maturity for a coupon bond with 8 years to maturity, a face value of $1,000, coupon rate of 7.5% if the bond pays annual coupons. The bond price is currently quoted at 96.800. (hint: remember how bond prices are quoted)
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