Question: A bond with $1000 par value, has a coupon rate of 8.25% with semi-annual coupon payments and 14 years of maturity. The bond is selling

A bond with $1000 par value, has a coupon rate of 8.25% with semi-annual coupon payments and 14 years of maturity. The bond is selling for $876.45 in the market. What is the YTM of this bond?

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