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2. Assume that you have a bond with a 22-year life, a five percent rate, semi-annual coupon payments, and the bond is priced at 103.

2. Assume that you have a bond with a 22-year life, a five percent rate, semi-annual coupon payments, and the bond is priced at 103. a) What is the YTM? c) What is the current yield? k-12 and g=.07

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