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Suppose a ten-year, $1,000 bond with an 8.0% coupon rate and semiannual coupons is trading for $1,034.74. What is the bond's yield to maturity (expressed
Suppose a ten-year, $1,000 bond with an 8.0% coupon rate and semiannual coupons is trading for $1,034.74. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?
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