Question: A bond with a $1,200 face value and 15 years remaining until maturity pays a coupon rate of 7.5% compounded semi-annually. Calculate the yield to

A bond with a $1,200 face value and 15 years remaining until maturity pays a coupon rate of 7.5% compounded semi-annually. Calculate the yield to maturity if the bond is priced at $1,080.

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