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lomework < Question 5, Problem 7-22 (similar to) > HW Score: 35%, 14 of 40 points Points: 0 of 2 Save (Yield to maturity)

lomework < Question 5, Problem 7-22 (similar to) > HW Score: 35%, 14 of 40 points Points: 0 of 2 Save (Yield to maturity) Assume the market price of a 13-year bond for Margaret Inc. is $975, and it has a par value of $1,000. The bond has an annual interest rate of 7% that is paid semiannually. What is the yield to maturity of the bond? The yield to maturity of the bond is %. (Round to two decimal places.)

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