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6. If the coupon increases to 3.58% for the bond in question 5, what is the effect on the yield? Why? N I PV PMT

6. If the coupon increases to 3.58% for the bond in question 5, what is the effect on the yield? Why?

N I PV PMT FV

question 5: The market price of a bond is $956.78, it has 9 years to maturity, a par value of $1,000, and pays an annual coupon rate of 2.58% in semiannual installments. What is the yield to maturity?

N I PV PMT FV

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