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Question: assume the market price of a 7year bond for margaret...

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Assume the market price of a 7​-year bond for Margaret Inc. is ​$1​,200 and it has a par value of $1,000. The bond has an annual interest rate of 8​% that is paid semiannually. What is the yield to maturity of the​ bond? The yield to maturity of the bond is . ​(Round to two decimal​ places.)

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