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Yield to maturity) You own a 14-year bond that pays 9 percent interest annually. The par value of the bond is $1,000 and the market

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Yield to maturity) You own a 14-year bond that pays 9 percent interest annually. The par value of the bond is $1,000 and the market price of the bond is $1,075 What is the yield to mahurity of the bond? The yield to maturity of the bond is % ( Round to two decimal places)

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