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1. Consider a 15-year 8% semiannual bond with par value $1,000. (3) What is the yield value of a $75 increase for the bond? (2.25

1. Consider a 15-year 8% semiannual bond with par value $1,000.

(3) What is the yield value of a $75 increase for the bond? (2.25 points)

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