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Assume the market price of a 6 - year bond for Margaret Inc. is $ 7 5 0 , and it has a par value

Assume the market price of a

6 -

year

bond for Margaret Inc. is

750,

and it has a par value of

1, 000 .

The bond has an annual interest rate of

7 %

that is paid semiannually. What is the yield to maturity of the

bond?

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