What is the bond yield to maturity

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The market price is ?$1,200 for a 13?-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? rounded 2 decimals

Reference no: EM132724280

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