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3. To pay for college, you borrowed $ 1000 loan from the Government High Education Fund that makes you pay $ 126 per year for
3. To pay for college, you borrowed $ 1000 loan from the Government High Education Fund that makes you pay $ 126 per year for 25 years. However, you don't have to start making these payments until you graduate from the college two years from now. Calculate the yield to maturity. Why yield to maturity is important in pricing loans in financial system? Note: Your answers should be detailed with proper references
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