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What is the yield to maturity of a bond with the following characteristics? $1250 price today; 8% coupon, paid semi-annually; 6 years to maturity; $1,000

What is the yield to maturity of a bond with the following characteristics?

$1250 price today;
8% coupon, paid semi-annually;
6 years to maturity;
$1,000 face value.

Assume semi-annual interest compounding. Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.

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