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A 27-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 15%. Required: Find the bond equivalent (YTM) and

A 27-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 15%.

Required:

Find the bond equivalent (YTM) and effective annual (EAY) yield to maturity of the bond for the bond prices $985, $1,000, $1,085. (Round your answers to 2 decimal places. Omit the "%" sign in your response.)

	Bond equivalent annual yield to maturity (YTM)	Effective annual yield to maturity (EAY)
$985	%	%
$1,000	%	%
$1,085	%	%

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