it says the current answer i calculated (4.79) was wrong ...
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it says the current answer i calculated (4.79) was wrong
(Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,100 for a 12-year bond (51.000 par value that pays 11 percent annual interest but makes interest payments on a semiannual basis (5.5 percent semiannualy) What is the bonds yuld to maturity? The bond's yield to maturity is 49% (Round to two decimal places)
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