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What is the? bond''s yield to? maturity

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?(Yield to? maturity)

The market price is ?$775 for a 12?-year bond ?($1,000 par? value) that pays 8 percent annual? interest, but makes interest payments on a semiannual basis ?(4 percent? semiannually). What is the? bond's yield to? maturity?

Reference no: EM132497925

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