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Assume the market price of a 12 ​-year bond for Margaret Inc. is ​$​1,025, and it...

Assume the market price of a 12 ​-year bond for Margaret Inc. is ​$​1,025, and it has a par value of $1,000. The bond has an annual interest rate of ​9% that is paid semiannually. What is the yield to maturity of the​ bond?

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