A $1,000 face value coupon bond pays interest semi-annually is quoted 108% matures in seven years, and has a coupon rate

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answerhappygod
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A $1,000 face value coupon bond pays interest semi-annually is quoted 108% matures in seven years, and has a coupon rate

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A $1,000 face value coupon bond pays interest semi-annually is
quoted 108% matures in seven years, and has a coupon rate of 8%.
Compute yield to maturity on this bond.
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