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Calculating yield to maturity) (Related to Checkpoint 9.2 on page 298) The market price is $400 for an 8-year bond ($500 par value) that pays

Calculating yield to maturity) (Related to Checkpoint 9.2 on page 298) The market price is $400 for an 8-year bond ($500 par value) that pays 4 percent annual interest but makes interest payments on a semiannual basis (2 percent semiannually). What is the bonds yield to maturity?

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