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3. What does the term yield to maturity (YTM) mean and how is it to be calculated? Calculate the YTM for each bond listed in

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3. What does the term "yield to maturity" (YTM) mean and how is it to be calculated? Calculate the YTM for each bond listed in Table l? Eg., ABC Energy Bond, 5% coupon (semi-annual coupons), with 20 years to maturity,face value = $1000 and price of $703.10

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