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( Yield to maturity ) The market price is $ 7 5 0 for a 1 3 - year bond ( $ 1 comma 0

(Yield to maturity)The market price is $750 for a 13-year bond ($1 comma 000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity?

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