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(Yield to maturity) The market price is $925 for a 12 years bond ($1,000 par value) that pays 11 percent annual interest, but make interest

(Yield to maturity) The market price is $925 for a 12 years bond ($1,000 par value) that pays 11 percent annual interest, but make interest payment on a semiannual Basis (5.5 percent semiannually ...

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