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its not 7.9% I need the answer (Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,200 for a 16 -year bond (
its not 7.9% I need the answer 
(Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,200 for a 16 -year bond ( $1,000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual basis ( 4 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is \%. (Round to two decimal places.) Step by Step Solution
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Contemporary Issues In Quantitative Finance
Authors: Ahmet Can Inci
1st Edition
1032101121, 978-1032101125
