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17. A 10-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 7%. Find the bond equivalent and effective

17. A 10-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 7%. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is: (LO 10-2) a. $960 b. $1,000 c. $1,050

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