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Mield to maturity) Fitzgeraids 20 year bonds pay 9 porcent interest annually on a $1,000 par value. If the bonds sell at $945, what is
Mield to maturity) Fitzgeraids 20 year bonds pay 9 porcent interest annually on a $1,000 par value. If the bonds sell at $945, what is the bonds yoild to maturity? What would be the yield to maturty if the bonde paid interest semiarnualy? Explain the dillerence
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