Question: A $1 comma 000 par value bond with a 8.00 % coupon rate (semianual interest) matures in 8 years and currently sells for $ 991.16

A $1 comma 000 par value bond with a 8.00 % coupon rate (semianual 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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