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A 15-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 6%. Find the bond equivalent and effective

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A 15-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 6%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.) Bond Prices Effective Annual Yield to Maturity % a. $ b. $ $ Bond Equivalent Annual Yield to Maturity 6.75 % 6.00 % 5.70% 930 1,000 1,030 %

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