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A bond with 5 years remaining until maturity is currently trading for 102 per 100 of par value. The bond offers a 6% coupon rate
A bond with 5 years remaining until maturity is currently trading for 102 per 100 of par value. The bond offers a 6% coupon rate with interest paid semiannually. The bond is puttable in 3 years with a put price of 101. i). What is the bonds annual yield-to-maturity? (4 points) ii). What is the bonds annual yield-to-worst? (5 points)
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