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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.

  1. a) Compute the simple yield.

  2. b) Compute the European YTM.

  3. c) Compute the US YTM.

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