Makes its interest payments semiannually

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Reference no: EM13911502

A bond’s market price is $1,150. It has a $1,000 par value, will mature in 14 years, and has a coupon interest rate of 9 percent annual interest, but makes its interest payments semiannually.

(A) The bond’s yield to maturity if it matures in 14 years is?

(B) The bond’s yield to maturity if it matures in 28 years is?

Reference no: EM13911502

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