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PLEASE HELP! The market price is $1100 for a 19 year bond ($1000 par value) that pays 8% annual interest, but makes interest payments on
PLEASE HELP!
The market price is $1100 for a 19 year bond ($1000 par value) that pays 8% annual interest, but makes interest payments on a semi annual basis (4% semi annually). What is the bonds used to maturity? Rounded to two decimal places.
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