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O Points: 0 of 4 Save (Related to Checkpoint 9.2) (Yield to maturity) The market price is $950 for a 13-year bond ($1,000 par value)
O Points: 0 of 4 Save (Related to Checkpoint 9.2) (Yield to maturity) The market price is $950 for a 13-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on percent semiannually). What is the bond's yield to maturity? semiannual basis (5.5 The bond's yield to maturity is_%. (Round to two decimal places.)
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