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A bond's market price is $825 . It has a $1,000 par value, will mature in 8 years, and has a coupon interest rate of

A bond's market price is $825 . It has a $1,000 par value, will mature in 8 years, and has a coupon interest rate of 9 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 16 years? What if it matures in 4 years? show work image text in transcribed

P9-8 (similar to) = Question Help (Yield to maturity) A bond's market price is $825. It has a $1,000 par value, will mature in 8 years, and has a coupon interest rate of 9 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 16 years? What if it matures in 4 years? a. The bond's yield to maturity if it matures in 8 years is 96 (Round to two decimal places

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