A 13 year bond for Katy Corporation has a market price of $ 750 and a par value of $1,000. If the bond has an annual interest rate of 11 percent, but pays interest semiannually. What is the bond yield to maturity?

A 13 year bond for Katy Corporation has a market price of $ 750 and a par value of $1,000. If the bond has an annual interest rate of 11 percent, but pays interest semiannually. What is the bond yield to maturity?



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