The market price is $925 for a 13-year bond ($1,000 parvalue) that pays 9 percent annualinterest, but

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The market price is $925 for a 13-year bond ($1,000 parvalue) that pays 9 percent annualinterest, but makes interest payments on a semiannual basis (4.5 percentsemiannually).

What is thebond's yield tomaturity?

Posted Date: Jun 05, 2024 03:02 PM

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The market price is $925 for a 13-year bond ($1,000 parvalue) that pays 9 percent annualinterest, but

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