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3. A firm issues 25-year bonds with a 6% coupon rate, paid semiannually, and a face value of $1,000. The price of the bonds is

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3. A firm issues 25-year bonds with a 6% coupon rate, paid semiannually, and a face value of $1,000. The price of the bonds is $1,175. What is the yield to maturity? (4 points) 4. Robix Inc. has a 9.5% coupon bond with a face value of $1,000 that matures in 5 years. The bond pays interest semiannually. If the yield to maturity is 4%, what is the price of the bond? (4 points)

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