Semi-annual coupon payments
What is the yield to maturity of a 16-year bond that pays a coupon rate of 8% per year, has a $1,000 par value, and is currently priced at $916? Round your answer to the nearest whole percent and assume semi-annual coupon payments.
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Determine the yield to maturity of a 16-year bond which pays a coupon rate of 8% per year, has a $1,000 par value, and is currently priced at $916? Round your answer to the closest whole percent and suppose semi-annual coupon payments.
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