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( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) The market price $ 9 5 0 is for a 1 6

(Related to Checkpoint9.2)(Yield to maturity)The market price $950 is for a 16-year bond ($4.5 par value) that pays percent annual interest, but makes interest payments on a semiannual basis (4.5 percent semiannually). What is the bond's yield to maturity?
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