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A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 12%. Find the bond equivalent and effective

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A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 12%. 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 Bond Equivalent Annual Yield to Maturity % % a. 950 % $ $ b. 1,000 1,050 C. $ %

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