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The market price of a semi-annual pay bond is $985,40. It has 20.00 years to maturity and a coupon rate of 8.00%. Par value is

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The market price of a semi-annual pay bond is $985,40. It has 20.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the yield to maturity? MED Submit Answer format: Percentage Round to 4 decimal places (Example: 9.2434%, % Sign required. Will accept decimal format rounded to 6 decimal places (ex 0.092434)) The yield to maturity for a 5.00 year STRIPS IS 5.23%. If par value is $1,000, then it should sell for $_ Submit Answer format: Currency: Round to: 2 decimal places

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