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( Yield to maturity ) The market price is $ 1 , 0 5 0 for a 1 9 - year bond ( $ 1

(Yield to maturity)The market price is $1,050 for a 19-year bond ($1,000 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?

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