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    Bond interest of 8 percent

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    An 8-percent--coupon bond sells for $800 and matures in seven years.
    Calculate its yield to maturity, assuming the following:
    a. The bond pays a single annual interest payment.
    b. The bond pays interest semiannually.

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    Solution Summary

    The expert examines the bond interest of 8 percent.

    $2.19

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