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Score: 0 of 1 pt 3 OT 7 (0 complete) Question Help P9-7 (similar to) (Related to Checkpoint 9.2) (Yield to maturity) The market price

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Score: 0 of 1 pt 3 OT 7 (0 complete) Question Help P9-7 (similar to) (Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,200 for a 9-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.) ole

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