Question: A $1000 par value bond with a 8.00 % coupon rate (semianual interest) matures in 9 years and currently sells for $994.14 . What is

A

$1000

par value bond with a

8.00

%

coupon rate (semianual interest) matures in

9

years and currently sells for

$994.14

.

What is the bond's yield to maturity and bond equivalent yield?

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