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A $1,000 par value bond with a 8.50% coupon rate (semanual interest) matures in 8 years and currently sells for $983.37 What is the band's

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A $1,000 par value bond with a 8.50% coupon rate (semanual interest) matures in 8 years and currently sells for $983.37 What is the band's yield to maturity and bond equivalent yield? The bond's yield to maturity is % (Round to two decimal places) Enter your answer in the answer box

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