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Homework answers / question archive / The market price is ?$825for a 16?-year bond ($1,000 par? value) that pays 11 percent annual? interest, but makes interest payments on a semiannual basis ?(5

The market price is ?$825for a 16?-year bond ($1,000 par? value) that pays 11 percent annual? interest, but makes interest payments on a semiannual basis ?(5.5percent? semiannually). What is the? bond's yield to? maturity?

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