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What is the? bond yield to? maturity

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Reference no: EM132420817

Problem: The market price is ?$1,175 for a 9?-year bond ?($1,000 par? value) that pays 8% annual? interest, but makes interest payments on a semiannual basis ?(4%?semiannually). What is the? bond's yield to? maturity?

Reference no: EM132420817

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