Question: Question 1: New Homes has a bond issue with a coupon rate of 6 percent that matures in 10.5 years. The bonds have a par

Question 1: New Homes has a bond issue with a coupon rate of 6 percent that matures in 10.5 years. The bonds have a par value of $1,000 and a market price of $980. Interest is paid semiannually. What is the yield to maturity?

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