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What is the yield to maturity of a corporate bond with 20 years to maturity, a coupon rate of 6,6 % per year, a $1,000

What is the yield to maturity of a corporate bond with 20 years to maturity, a coupon rate of 6,6 % per year, a $1,000 par value, and a current market price of $1,250? Assume semiannual coupon payments. Picture the problem, decide on a solution strategy, solve and analyze. You can use Excel Calculator for this specific exercise. (20 points)

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