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Suppose a ten-year, $1,000 bond with an 8.6% coupon rate and semiannual coupons is trading for $1.035.39. What is the bond's yield to maturity (expressed
Suppose a ten-year, $1,000 bond with an 8.6% coupon rate and semiannual coupons is trading for $1.035.39. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? 5.36% 4.04% 8.08% 10.72%
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