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7 . A straight ( a . k . a . bullet or vanilla ) bond with a market price of ( $
A straight aka bullet or vanilla bond with a market price of $ pays a coupon, has a year maturity a par value of $ and pays semiannual coupon payments. Assume a settlement date of a Calculate the Yicld to Maturity. Round to the nearest month. To clarify, the YTM must be calculated to the nearest month, not year b Is this bond most likely an investment grade bond or junk bond? Defend your answer. using financial calculator
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