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A bond's market price is $ 9 5 0 . It has a $ 1 comma 0 0 0 par value, will mature in 8

A bond's market price is $950. It has a $1 comma 000 par value, will mature in 8years, 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 16years? What if it matures in 4years?

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