What is the yield to maturity for this bond

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A bond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 8% with interest paid semi-annually. If the current market price is $750, what is the yield to maturity for this bond? What would happen to this bond’s price if yield to maturity suddenly dropped to 3.5%?

Reference no: EM132037997

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