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  3. a​ bond's market price is ​$1 comma

A​ bond's market price is ​$1 comma 150. It has a ​$1 comma 000 par​ value,...

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Finance

A​ bond's market price is ​$1 comma 150. It has a ​$1 comma 000par​ value, will mature in 8 ​years, and has a coupon interest rateof 9 percent annual​ interest, but makes its interest paymentssemiannually. What is the​ bond's yield to​ maturity? What happensto the​ bond's yield to maturity if the bond matures in 16 ​years?What if it matures in 4 ​years? a.  The​ bond's yield to maturityif it matures in 8 years is nothing​%. ​ (Round to two decimal​places.)

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