The market price is 775 for a 9-year bond 1000 par value


The Market price is $775 for a 9-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?

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Financial Management: The market price is 775 for a 9-year bond 1000 par value
Reference No:- TGS01282572

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