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(Related to Checkpoint 9.2) (Yield to maturity) The market price is $1.200 for a 17-year bond ($1,000 par value) that pays 11 percent annual interest,
(Related to Checkpoint 9.2) (Yield to maturity) The market price is $1.200 for a 17-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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Handbook Of Safeguarding Global Financial Stability Political Social Cultural And Economic Theories And Models
Authors: Gerard Caprio
1st Edition
0123978750, 0123978785, 9780123978752, 9780123978783
