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  3. a $1,000 par value bond with a 8.50% coupon rate (

A $1,000 par value bond with a 8.50% coupon rate (semianual interest) matures in 7...

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Finance

A $1,000 par value bond with a 8.50% coupon rate (semianual interest) matures in 7 years and currently sells for $981.61. What is the bond's yield to maturity and bond equivalent yield?
The bond's yield to maturity is %.(Round to two decimal places.)
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