(Yield to maturity) A bond's market price is $925. It has a $1,000 par value,...
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(Yield to maturity) A bond's market price is $925. It has a $1,000 par value, will mature in 6 years, and has a coupon interest rate of 12 percent annual interest, but makes its interest payments semiannually. What is the bond's yield to maturity? What happens to the bond's yield to maturity if the bond matures in 12 years? What Wit matures in 3 years? a. The bond's yield to maturity if it matures in 6 years is 1% (Round to two decimal placen.) b. The bond's yield to maturity if it matures in 12 years in 3% (Round to two decimal plod) c. The bond's yield to maturity if it matures in 3 years is 10% (Round to two decimal places.)
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