The market price is ​$1,200 for a 19​-year bond ​($1,000 par​ value) that pays 9 percent annual​ interest, but makes int

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answerhappygod
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The market price is ​$1,200 for a 19​-year bond ​($1,000 par​ value) that pays 9 percent annual​ interest, but makes int

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The market price is ​$1,200 for a 19​-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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