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  • 24-05-2023
  • Business
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The market price is ​$700 for a ​17-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?
The​ bond's yield to maturity is %

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