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PLEASE SHOW WORKS. A 9 percent semiannual coupon bond matures in 10 years. The bond has a face value of $1,000 and a current yield

PLEASE SHOW WORKS. A 9 percent semiannual coupon bond matures in 10 years. The bond has a face value of $1,000 and a current yield (CY) of 8.71 percent. What is the bonds yield to maturity (YTM)?

Answer is 8.5%

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