Question: A bond with a $1,600 face value and 13 years remaining until maturity pays a coupon rate of 7.25% compounded semi-annually. Calculate the yield to

A bond with a $1,600 face value and 13 years remaining until maturity pays a coupon rate of 7.25% compounded semi-annually. Calculate the yield to maturity if the bond is priced at $1,440.

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