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( Yield to maturity ) Assume the market price of a 1 4 - year bond for Margaret Inc. is $ 1 , 1 2

(Yield to maturity) Assume the market price of a 14-year bond for Margaret Inc. is $1,125, and it has a par value of $1,000. The bond has an annual interest rate of 7% that is paid semiannually.
What is the yield to maturity of the bond?
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