Question: Question 5 : (Related to Checkpoint 9.2) (Yield to maturity) The market price is Sl ,050 for a 14-year bond ($1,000 par value) that pays

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5

(Related to Checkpoint 9.2) (Yield to maturity) The market price is Sl ,050 for a 14-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 bonds yield to maturity? The bonds yield to maturity is 00/0. (Round to two decimal places.)

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