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Use the information in the following table: Assume a $ 1 0 0 , 0 0 0 par value. What is the yield to maturity

Use the information in the following table:
Assume a
$100,000 par value. What is the yield to maturity of the August 2003 Treasury bond with
semiannual payment? Compare the yield to maturity and the current yield. How do you explain
this relationship?
What is the yield to maturity of the August 2003 Treasury bond?
%(Round to three decimal places.)
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