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the market price is 875 for a 15 year bond(1,000 par value) that pays 9 percent annual interest, but makes interest payments of a semiannual
the market price is 875 for a 15 year bond(1,000 par value) that pays 9 percent annual interest, but makes interest payments of a semiannual basis (4.5 percent semiannually) what is the bonds yield to maturity?
The bonds yield to maturity is? round to two decimal places
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