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3. Please calculate the YTM of a bond selling for $900 with a coupon rate of 5 percent and a maturity of 4 years. 9

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3. Please calculate the YTM of a bond selling for $900 with a coupon rate of 5 percent and a maturity of 4 years. 9 10 Assume all bonds have a par value of S1000 and semi- annual coupon payments unless otherwise noted

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