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Posted on May 18, 2024

You just purchased a bond that matures in 1 2 years. The bond has a face value of $ 1 , 0 0 0 and

You just purchased a bond that matures in

12

years. The bond has a face value of $

1, 000

and an

3.5 %

semi

-

annual coupon. The bond has a current yield of

5.62 % .

What is the bond

s yield to maturity?

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