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Estimate what is the? bonds yield to? maturity

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Question 1: The market price is ?$1,100 for a 17?-year bond ?($1,000 par? value) that pays 9 percent annual? interest, but makes interest payments on a semiannual basis ?(4.5 percent? semiannually). What is the? bond's yield to? maturity?

Reference no: EM132504576

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