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What is the? bond yield to? maturity

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(Yield to? maturity)

The market price is ?$950 for a 15?-year bond ?($1,000 par? value) that pays 11 percent annual? interest, but makes interest payments on a semiannual basis ?(5.5 percent? semiannually).  What is the? bond's yield to? maturity? Round to two decimal places.

Reference no: EM131790418

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