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Find what is the? bond yield to? maturity

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Reference no: EM132969946

Problem 1: The market price is ?$1,050 for a 16?-year bond ?($1,000 par? value) that pays 12 percent annual? interest, but makes interest payments on a semiannual basis ?(6 percent? semiannually). What is the? bond's yield to? maturity?

Reference no: EM132969946

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