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1. You just purchased a bond with maturity of 15 years for $1,000. The coupon interest rate is 14% paid annually. What is the YTM?

1. You just purchased a bond with maturity of 15 years for $1,000. The coupon interest rate is 14% paid annually. What is the YTM? 2. You bought 12-year bonds with a coupon rate of 8% two years ago. The bonds make semiannual payments. If these bonds currently sell for $927.53, what is the YTM?

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