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4. During the survey stage, a majority of the firm's clients had no idea about yield to maturity. Using the example of the bonds

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4. During the survey stage, a majority of the firm's clients had no idea about yield to maturity. Using the example of the bonds listed in Table 1, explain what this term means and how one can go about calculating it. Table 1 Corporate Bond Information Years Face Issuer Value Coupon Quoted Until Sinking Rate Rating Price Maturity Fund Call Period ABC Energy $1,000 6% AAA $809.10 20 Yes 3 Years ABC Energy $1,000 0% AAA $211.64 20 Yes NA TransPower $1,000 10% AA $1025.00 Telco Utilities $1,000 12% AA $1300.00 25 20 Yes 5 Years 30 No 5 Years

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