What is its yield to maturity the bond has 7 years to, Financial Management

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What is its yield to maturity the bond has 7 years to

You own a bond with a par value of $1,000 and a coupon rate of 8.75% (semiannual coupon). You know it has a current yield of 8.75%. What is its yield to maturity? The bond has 7 years to maturity. Current Yield = (annual payment / price). (hint: solve for price to answer the question).

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