John is considering the purchase of a bond with 15 years of, Financial Management

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John is considering the purchase of a bond with 15 years of

John is considering the purchase of a bond with 15 years of life remaining at a price of $1,145.68. The bond carries an annual coupon rate of 7.5% with interest paid annually. The par value of the bond is $1,000. If interest had been compounded SEMI ANNUALLY, what would be the YTM?

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