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An 6.5 percent coupon bond pays interest semiannually and has 20.5 years to maturity. The bond has a face value of $1,000 and a market

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An 6.5 percent coupon bond pays interest semiannually and has 20.5 years to maturity. The bond has a face value of $1,000 and a market value of $978.50. What is the yield to maturity? 7.96 percent 8.12 percent 7.21 percent 6.69 percent 9.24 percent

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