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2. A semiannual coupon bond has a $1,000 par value, 11 years to maturity, and a 4.5% coupon rate (APR) and sells for $985 [10

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2. A semiannual coupon bond has a $1,000 par value, 11 years to maturity, and a 4.5% coupon rate (APR) and sells for $985 [10 points) a. Find yield to maturity (YTM) b. Assume that the yield to maturity remains constant for the next seven years. What will the price be 7 years from today? where u

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