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1- What is the price of a 10-year, pure discount bond paying $1,000 at maturity if the YTM is a. 5 percent? b. 10 percent?

1- What is the price of a 10-year, pure discount bond paying $1,000 at maturity if the YTM is a. 5 percent? b. 10 percent? c. 15 percent?

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