Question: A $ 1 comma 0 0 0 1 , 0 0 0 par value bond with a 8 . 0 0 8 . 0 0

A
$1 comma 0001,000
par value bond with a
8.008.00%
coupon rate(semianual interest) matures in
77
years and currently sells for
$ 985.96$985.96.
What is the bond's yield to maturity and bond equivalent yield?

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