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What is the bond yield to maturity

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Reference no: EM132986735

Question - Fitzgerald's 20-year bonds pay 11 percent interest annually on a $1,000 par value. If the bonds sell at $935, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference.

Reference no: EM132986735

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