saggin3578 saggin3578
  • 25-05-2023
  • Business
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The market price is ​$1125 for a ​14 year bond ​($100 value) that pays 11 percent annual​ interest, but makes interest payments on a semiannual basis ​5.5( percent​semiannually). What is the​ bond's yield to​ maturity?

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