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Finance Assignment | Professional Writing

Author:
May 28th, 2020

lomework: Chapter 9 Homework « Chapter 9 Homeworkere end sa core: 0 of 1 pt 3 of 7 (1 complete) HW Score: 0%, 0 of 16 9-7 (similar to) Question Help (Related to Checkpoint 9.2) (Yield to maturity)

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The market price is $700 for a 15-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? The bond’s yield to maturity is % (Round to two decimal places.)

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