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9-7 (similar to) Questio (Related to Checkpoint 9.2) (Yield to maturity) The market price is $750 for a 14-year bond ($1.000 par value) that pays

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9-7 (similar to) Questio (Related to Checkpoint 9.2) (Yield to maturity) The market price is $750 for a 14-year bond ($1.000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis (5.5 percer semiannually) What is the band's yield to maturity? The bond'u yold to maturity. (Round to two decimal places)

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