Question: A $3,500 bond with a 4% coupon compounded semi-annually is currently priced to yield 8% with 16 years remaining to maturity. What is the yield

A $3,500 bond with a 4% coupon compounded semi-annually is currently priced to yield 8% with 16 years remaining to maturity. What is the yield to maturity six years from now if the bond price rises $225 at that time?

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