Determine the yield to maturity of a 16-year bond which

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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.

  1. 18%
  2. 11%
  3. 9%
  4. 7.5%

Reference no: EM13477893

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