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Question 1 [5 points) A bond with a face value of $1,200 and 18 years remaining until maturity pays a coupon rate of 7% semi-annual

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Question 1 [5 points) A bond with a face value of $1,200 and 18 years remaining until maturity pays a coupon rate of 7% semi-annual Calculate its yield to maturity (I) mitis priced at $1,567.42 Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.80%. IY = 0.00 %

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