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What is the yield to maturity of 16-years bond that pays a coupon rate of 8% per year , has a $1,000 par value ,
What is the yield to maturity of 16-years bond that pays a coupon rate of 8% per year , has a $1,000 par value , and is currently priced at $916? Round your answer to the nearest whole percent and assume semi-annual coupon payment
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