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The market price is $1,050 for a 15 -year bond ($1,000 par value) that pays 12 percent annuat interest but makes interest poyments on a

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The market price is $1,050 for a 15 -year bond ($1,000 par value) that pays 12 percent annuat interest but makes interest poyments on a semiannual basis 16 percent semiannually). What is the bond's yield to maturity? 12.30% 10.96% 10.30% 11.39%

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