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17. Suppose Maddie can purchase $1,000 par value bonds for $1,200. The bonds have a 10 percent coupon rate, pay interest annually, and have 20

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17. Suppose Maddie can purchase $1,000 par value bonds for $1,200. The bonds have a 10 percent coupon rate, pay interest annually, and have 20 years remaining until maturity. Maddie's yield to maturity is percent. a. 7.37 b. 7.97 c. 10.00 d. 10.24 e. none of the above 18. Suppose Patrick buys S1 million par value commercial paper with a 75-day maturity for $980,000, and holds it to maturity. What is the annualized yield of Blake's investment? a. 9.33 percent b. 9.60 percent c. 9.80 percent d. 9.93 percent e. none of the above

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