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(Related to Checkpoint 9.2) (Yield to maturity) The market price is $750 for a 19 -year bond ( $1,000 par value) that pays 9 percent
(Related to Checkpoint 9.2) (Yield to maturity) The market price is $750 for a 19 -year bond ( $1,000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis (4.5 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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Portfolio Performance Measurement And Benchmarking
Authors: Jon Christopherson, David Carino, Wayne Ferson
1st Edition
0071496653, 978-0071496650
