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(Related to Checkpoint 9.2) (Yield to maturity) The market price is $900 for a 10-year bond ($1,000 par value) that pays 12 percent annual
(Related to Checkpoint 9.2) (Yield to maturity) The market price is $900 for a 10-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is %. (Round to two decimal places.)
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
