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5. Define Yield to Maturity & Calculate Yield to Maturity: (7 points) Face Value = $1,000 Market Price of the Bond = $1050 Years to

5. Define Yield to Maturity & Calculate Yield to Maturity: (7 points)

Face Value = $1,000

Market Price of the Bond = $1050

Years to maturity = 2 years

Annual coupon rate = 5%

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