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Tenet Healthcare, has a bond issue outstanding with eight years remaining to maturity, a coupon rate of 9 percent with interest paid annually, and a

Tenet Healthcare, has a bond issue outstanding with eight years remaining to maturity, a coupon rate of 9 percent with interest paid annually, and a par value of $1,000. The current market price of the bond is $1,251.22. a. What is the bond's yield to maturity? b. Now, assume that the bond has semiannual coupon payments. What is its yield to maturity in this situation?

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