What is the bond yield to maturity and bond equivalent yield

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Question: A $1,000 par value bond with a 7.25% coupon rate (semiannual interest) matures in seven years and currently sells for $987. What is the bond's yield to maturity and bond equivalent yield?

Reference no: EM131626278

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What is the bond yield to maturity and bond equivalent yield : A $1,000 par value bond with a 7.25% coupon rate (semiannual interest) matures in seven years and currently sells for $987.
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