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A bond has a $1,000 par value, 24 years to maturity, and a 5.5% annual coupon and sells for $900. a) What is its yield

A bond has a $1,000 par value, 24 years to maturity, and a 5.5% annual coupon and sells for $900. a) What is its yield to maturity (YTM)? b) Assuming that the yield to maturity remains constant, what ...

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