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The market price of a $1000 par value, quarterly bimonthly (i.e., every 2 months = 6 times per year) payment bond is $928.39. If the
The market price of a $1000 par value, quarterly bimonthly (i.e., every 2 months = 6 times per year) payment bond is $928.39. If the bond has 24 years to maturity and an annual coupon rate of 9.20%, what is the bonds yield-to-maturity? (Record your answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94).
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