A 13-year bond pays 9 interests on a 1000 face value, Financial Management

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A 13-year bond pays 9 interests on a 1000 face value

A 13-year bond pays 9 interests on a $1000 face value annually. If it currently sells for $1,300, what is its approximate yield to maturity? (Do not round intermediate calculations.)

What is the approximate yield to maturity for a 11-year bond that pays 12 interest on a $1000 face value annually if the bond sells for $970? (Do not round intermediate calculations.)

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Financial Management: A 13-year bond pays 9 interests on a 1000 face value

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Financial Management: A 13-year bond pays 9 interests on a 1000 face value

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