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(Related to Checkpoint9.2)(Yield tomaturity) The market price is $900 900 for a 20 20-year bond ($1 comma 000 1,000 parvalue) that pays 9 9 percent

(Related to Checkpoint9.2)(Yield tomaturity)The market price is $900

900 for a 20

20-year bond ($1 comma 000

1,000 parvalue) that pays 9

9 percent annualinterest, but makes interest payments on a semiannual basis (4.5

4.5 percentsemiannually). What is thebond's yield tomaturity?

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