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Fitzgerald's 15-year bonds pay 9 percent interest annually on a $1,000 par value. If the bonds sell at $805, what is the bond's yield to

Fitzgerald's 15-year bonds pay 9 percent interest annually on a $1,000 par value. If the bonds sell at $805, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interestsemiannually? Explain the difference.

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