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6. You purchase a 15 year bond with a par value of $1,000. Assuming that the bond has a market value of $765, what is

6. You purchase a 15 year bond with a par value of $1,000. Assuming that the bond has a market value of $765, what is the Yield to Maturity of the bond if it pays an annual coupon of $50? Please show your TVM reasoning and your proposed solution discount rate of 8%, how much must you endow to achieve an annual payment of $100,000 that grows by 2% per year? Please show your TVM reasoning and your proposed solution

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