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 ​(Yield to​ maturity)  The market price is ​$750 for a 9​-year bond ​($1000 par​ value) that...

 ​(Yield to​ maturity)  The market price is ​$750 for a 9​-year bond ​($1000 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 nothing​%. ​ (Round to two decimal​ places.)

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Answer #1

c14 .: X fix =RATE(C11,C8,-C9,C5)*C7 5 $ A B A Face value (FV) BCoupon rate C Number of compounding periods per year 8 AxB:C

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