Question: 2. Please show work Jay Aquire is considering the purchase of the following bondi a $1000 par. 73/8% coupon currently selling for $1026.25 with 16

2. Please show work

Jay Aquire is considering the purchase of the following bondi a $1000 par. 73/8% coupon currently selling for $1026.25 with 16 years until maturity If Jay purchases the bond, what would his approximate yield-to-maturity be? O 7.1% 7.5% 7.8% 8.1%

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