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Bond’s Yield to​ Maturity Assignment

Author:
February 18th, 2020

The market price is $1200 for a 16​-year bond ​($1,000 par​value) that pays 9 percent annual​ interest, but makes interest payments on a semiannual basis ​(4.5 percent​ semiannually). What is the​ bond’s yield to​ maturity?Get Finance homework help today

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