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A bond's market price is $ 1 , 0 5 0 . It has a $ 1 , 0 0 0 par value, will mature

A bond's market price is $1,050. It has a $1,000 par value, will mature in 12years, and has a coupon interest rate of 11 percent annual interest, but makes its interest payments semiannually. What is the bond's yield to maturity? What happens to the bond's yield to maturity if the bond matures in 24years? What if it matures in 6years?

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