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Suppose a 5-year, $1,000 bond with an 8% coupon rate and semiannual coupons is trading for $991.53. What is the bond's yield to maturity (expressed
Suppose a 5-year, $1,000 bond with an 8% coupon rate and semiannual coupons is trading for $991.53. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? 0 7.78% O 8.13% O 7.16% O 8.21%
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