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3. A 20-year maturity bond with par value of a $1,000 makes semiannual coupon payments at a coupon rate of 8%. Find the yield to

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3. A 20-year maturity bond with par value of a $1,000 makes semiannual coupon payments at a coupon rate of 8%. Find the yield to maturity and effective annual yield to maturity of the bond if the bond price is: a. $950. b. $1,000. c. $1,050

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