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9. A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. a. What is its

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9. A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. 10. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 12 years to maturity, and a 10% YTM. What is the bond's price? Round your answer to the nearest cent. 11. A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 5 years at $1,049.23, and currently sell at a price of $1,095.02. What are their nominal yield to maturity and their nominal yield to call? Do not round intermediate Icalculations Round your answers to two decimal nlaces

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