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he market price is $700 for a 19-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual

he market price is $700 for a 19-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity?

Question content area bottom Part 1 The bond's yield to maturity is enter your response here%. (Round to two decimal places.)

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