Assume the market price of a 6-year bond for Margaret Inc. is $1,050, and it...
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Finance
Assume the market price of a 6-year bond for Margaret Inc. is $1,050, and it has a par value of $1,000. The bond has an annual interest rate of 9% that is paid semiannually. what is the yield to maturity of the bond?
The yield to maturity of the bond is ____%
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