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2. Find the price of a 3 year bond trading at a yield to maturity of 5.25% and has annual coupon of 3% paid semi-

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2. Find the price of a 3 year bond trading at a yield to maturity of 5.25% and has annual coupon of 3% paid semi- annually. Assume you buy the bond on January 1 2019 and it matures on December 31, 2021. Suppose the bond is callable in 2 years at $ 103. Using the price calculated above find the yield to call

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