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A company issues a 5-year step-up note paying semi-annual coupons. The coupon rate starts at 1.75% and goes up by 25 bps every year. The

A company issues a 5-year step-up note paying semi-annual coupons. The coupon rate starts at 1.75% and goes up by 25 bps every year. The issue sells at $93.25 (par value is $100). (a) What is the Y...

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