A $1000 par value, 7.5% coupon bond was issued two years ago with eight years remaining until maturity. An investor paid $1173.99 for the bond today. What was the investor's required rate of return compounded semiannually?

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The Answer of A $1000 par value, 7.5% coupon bond was issued two years ago with eight years remaining until maturity. An investor paid $1173.99 for the bond today. What was the investor's required rate of return compounded semiannually?

A $1000 Par Value, 7