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2. You run across the following bond quotation on a Friday. Maturity Askede Rate Mo/Yr Bid Asked Chg. Yld 7.500 Nov 24 131:06 131:07 -9

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2. You run across the following bond quotation on a Friday. Maturity Askede Rate Mo/Yr Bid Asked Chg. Yld 7.500 Nov 24 131:06 131:07 -9 5.04 a) What kind of security is it? b) Interpret the information that is contained in the quote. c) Suppose a corporate bond with the same time to maturity has a credit-risk spread of 250 basis points. What should be the yield to maturity for the corporate bond

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