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1. What is the yield on a 18-year bond that pays a semi-annual coupon of $9 and sells for $1000. Answer as a percent. 2.

1. What is the yield on a 18-year bond that pays a semi-annual coupon of $9 and sells for $1000. Answer as a percent.

2. You are looking at a 9-year zero-coupon bond that has a yield to maturity of 1.4% . What is the value of the bond? Assume semi-annual compounding.

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