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You purchase a bond for $875. It pays $60 a year (that is, the semiannual coupon is 3%), and the… 1 answer below » You purchase a bond for $875. It pays $60 a year (that is, the semiannual coupon is 3%), and the bond matures after 10 years. What is the yield to maturity? Sep 03 2015 12:27 PM