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YTM Problem # 1 Two years ago, Alderaan Inc. issued a 1 0 - year $ 1 , 0 0 0 par bond that semiannually

YTM Problem #

1

Two years ago, Alderaan Inc. issued a

10 -

year $

1, 000

par bond that semiannually pays an

8 %

annual coupon rate. Now, the bond is priced at $

797.88 .

What is the bond's yield to maturity?

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