What is the bonds yield to


(Yield to maturity) The market price is $1 comma 1501,150 for a 1616-year bond ($1 comma 0001,000 par value) that pays 99 percent annual interest, but makes interest payments on a semiannual basis (4.54.5 percent semiannually). What is the bond's yield to maturity?

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Financial Management: What is the bonds yield to
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