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A 1 0 percent coupon bond has 1 5 years to maturity and discounted semi - annually. Its current market price is Tk . 1

A 10 percent coupon bond has 15 years to maturity and discounted semi-annually. Its current market price is Tk.1030, and 1st call price is Tk.1075, calculate the YTM of the bond (trial & error approach) and interpret your findings focusing on bond pricing.

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