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E Homework: Man 303 Homework V Question 8, Bookmatch 7-22 (book/static) > HW Score: 26.67%, 2.67 of 10 points O Points: 0 of 1 0
E Homework: Man 303 Homework V Question 8, Bookmatch 7-22 (book/static) > HW Score: 26.67%, 2.67 of 10 points O Points: 0 of 1 0 Save (Yield to maturity) Assume the market price of a 5-year bond for Margaret Inc. is $900, and it has a par value of $1,000. The bond has an annual interest rate of 6% that is paid semiannually. What is the yield to maturity of the bond? The yield to maturity of the bond is. (Round to two decimal places.)
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