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A four-year bond has exactly four years till maturity, and the last coupon has just been paid. The coupon is annual and equal to 8
A four-year bond has exactly four years till maturity, and the last coupon has just been paid. The coupon is annual and equal to 8 percent. The bond price is 102.
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a) Compute the simple yield.
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b) Compute the European YTM.
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c) Compute the US YTM.
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