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Hammerstone Construction has outstanding bonds that pay a 5.2 percent annual coupon with 14 years left until maturity. The bonds have a face value of
Hammerstone Construction has outstanding bonds that pay a 5.2 percent annual coupon with 14 years left until maturity. The bonds have a face value of $1,000 and are selling for $1,033. What is the bonds' yield to maturity?
%
If the bond were to make semiannual payments, but all other features remained the same, what would be the yield to maturity?
%
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