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The 9 percent annual coupon bonds of IPO, Inc. are selling for $1,019. The bonds have...

The 9 percent annual coupon bonds of IPO, Inc. are selling for $1,019. The bonds have a face value of $1,000 and mature in 11 years. What is the yield to maturity?

If the bond were to make semiannual payments, but all other features remained the same, what would be the yield to maturity?

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