Question: A $2,500 bond with a 4% coupon compounded semi-annually is currently priced to yield 9% with 16 years remaining to maturity. What is the yield

A $2,500 bond with a 4% coupon compounded semi-annually is currently priced to yield 9% with 16 years remaining to maturity. What is the yield to maturity seven years from now if the bond price rises $200 at that time? 0.00 % Round to two decimal places
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