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Posted on Aug 26, 2024

A 4 - year maturity bond with a 1 4 percent coupon rate can be bought for $ 1 2 0 0 . What is

4 -

year maturity bond with a

14

percent coupon rate can be bought for $

1200 .

What is the yield to maturity if the coupon is paid annually? What if it is paid semiannually?

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