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7.2 Yield to maturity and future price A bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells

7.2 Yield to maturity and future price A bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980. a. What is it yield to maturity (YTM)? b. Assume that the yield...

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