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Score: 0 of 1 pt 3 of 7 (1 complete) HW Score: 6.25%, 1 of 16 pts P9-7 (similar to) Question Help (Related to Checkpoint

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Score: 0 of 1 pt 3 of 7 (1 complete) HW Score: 6.25%, 1 of 16 pts P9-7 (similar to) Question Help (Related to Checkpoint 9.2) (Yield to maturity) The market price is $900 for a 9-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 7l%. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer Type here to search 80

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