Question: A $ 1 , 0 0 0 par value bond with a 8 . 7 5 % coupon rate ( semianual interest ) matures in

A $1,000 par value bond with a 8.75% coupon rate (semianual interest) matures in 9 years and currently sells for $977.41. What is the bond's yield to maturity and bond
equivalent yield?
The bond's yield to maturity is
%.(Round to two decimal places.)
A $1,000 par value bond with a 8.75% coupon rate (semianual

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