(Yield to maturity)The market price is $ 950 for a 15 -year bond ($ 1,000 par value)...

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(Yield to maturity)The market price is $950 for a 15-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis (5.5 percent semiannually). What is the bond's yield to maturity? Round to two decimal places.

Posted Date: Jun 25, 2024 06:32 PM

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(Yield to maturity)The market price is $ 950 for a 15 -year bond ($ 1,000 par value)...

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