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(Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,200 for a 12-year bond ($1,000 par value) that pays 11 percent annual
(Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,200 for a 12-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis (5.5 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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Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
