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1. A 20-year Fitzgerlad bond pays 9 percent interest annually on a $1,000 par value. If the bond sells at $945, what is the bond

1. A 20-year Fitzgerlad bond pays 9 percent interest annually on a $1,000 par value. If the bond sells at $945, what is the bond yield to maturity? What would be the yield to maturity if the bond paid interest semiannually? -upon

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