Question: This exact question has been asked on Chegg before, but the answer was completely wrong. A 30 -year maturity bond with face value of $1,000

This exact question has been asked on Chegg before, but the answer was completely wrong.

A 30 -year maturity bond with face value of $1,000 makes semiannua/ coupon payments and has a coupon rate of 8.40%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) a. What is the yield to maturity if the bond is selling for $1,060 ? b. What is the yield to maturity if the bond is selling for $1,000 ? c. What is the yield to maturity if the bond is selling for $1,050

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