(Rolated to Checkpoint 9.2) (Yield to maturity) The market price is $725 for a 10-yoar...
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(Rolated to Checkpoint 9.2) (Yield to maturity) The market price is $725 for a 10-yoar bond ( $1,000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis (4.5 percent semiannualiy). What is the bonds yield to matunty? The bond's yield to maturty is f. (Round to two docimal places.)
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