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8.11% 8.57% 8.00% 8.40% 8.74% Using the above spot rates, what is the price of a 5-year, 4.5% bond? Assume semiannual interest payments. What is

8.11%

8.57%

8.00%

8.40%

8.74%

Using the above spot rates, what is the price of a 5-year, 4.5% bond? Assume semiannual interest payments. What is the YTM of the 5-year T-bond?

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