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Fitzgeralds 20-year bonds pay 9 percent interest annually on a $1,000 par value. If bonds sell at $945, what is bonds yield to maturity? What
Fitzgeralds 20-year bonds pay 9 percent interest annually on a $1,000 par value. If bonds sell at $945, what is bonds yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference
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