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Fitzgerald's 25-year bonds pay 11 percent interest annually on a $1,000 par value. If the bonds sell at $895: What is the bond's yield to

Fitzgerald's 25-year bonds pay 11 percent interest annually on a $1,000 par value. If the bonds sell at $895:

What is the bond's yield to maturity?

What would be the yield to maturity if the bonds paid interest semi-annually?

Explain the difference.

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