A $1000 par value bond with an 8.00 % coupon rate(semiannual interest) matures in 8 years and
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Question:
A $1000 par value bond with an 8.00 % coupon rate(semiannual interest) matures in 8 years and currently sells for $ 991.16.
What is the bond's yield to maturity and bond equivalent yield?
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