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What is the yield to maturity of a corporate non-callable bond with 13 years to maturity, a coupon rate of 8% per year, a $1,000
What is the yield to maturity of a corporate non-callable bond with 13 years to maturity, a coupon rate of 8% per year, a $1,000 par value, and a current market price of $1,250? Assume semi-annual coupon payments.
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