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A corporate bond maturing in 1 5 years with a coupon rate of 9 . 9 percent was purchased for $ 9 8 0 and
A corporate bond maturing in years with a coupon rate of percent was purchased for $ and it is now selling for $
a What will be its selling price in two years if the market interest rates drop percentage points?
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b Calculate the bond's YTM
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Round to the nearest cent. DO NOT INCLUDE COMMAS OR $
For percentages, for example, write for
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