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

(Yield to maturity) The market price is $750 for a 15 year bond ($1000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual basis (4 percent semiannually). What is the bond's yield to maturity?
The bond's yield to maturity is: %
(Round to two decimal places.)

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