https://homeworkspool.com/wp-content/uploads/2021/02/logo.png 0 0 Davie https://homeworkspool.com/wp-content/uploads/2021/02/logo.png Davie2019-06-28 13:35:102019-06-28 13:35:10bond's yield
The market price is $750 for a 13-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis (5.5 percent semiannually). What is the bond’s yield to maturity?
The bond’s yield to maturity is ___%. (Round to two decimal places.)