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(Yield to maturity) A(n) 9-year bond for Rusk Corporation has a market price of $1,100 and a par value of $1,000 of the bond has

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(Yield to maturity) A(n) 9-year bond for Rusk Corporation has a market price of $1,100 and a par value of $1,000 of the bond has an annual interest rate of 7 percent but pays interest semiannually, what is the bond's yield to maturity? GE + The bond's yield to maturity is % (Round to two decimal places.)

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