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Posted on Jul 25, 2024

A 8 . 7 % bond matures in 1 3 years. The bond pays coupons semiannually, and has a YTM of 8 . 7 %

8.7 %

bond matures in

13

years. The bond pays coupons semiannually, and has a YTM of

8.7 % .

The price of the bond is $

.

Margin of error for correct responses:

+ / - . 05 .

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