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(Yield to maturity) Fitzgerald's 20-year bonds pay 8 percent interest annually on a $1,000 par value. If the bonds sell at $825, what is the

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(Yield to maturity) Fitzgerald's 20-year bonds pay 8 percent interest annually on a $1,000 par value. If the bonds sell at $825, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference

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