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10 11 12. A newly-issued coupon bond pays annual interest. It has a par value of $1,000 and matures in 4 years. Its coupon rate

10 11 12. A newly-issued coupon bond pays annual interest. It has a par value of $1,000 and matures in 4 years. Its coupon rate is 8% and its yield to maturity is 10%. An investor buys this bond at is...

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