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A four-year bond with a 14% coupon can be bought for $1,200. 1-Is the yield to maturity greater or less than 14%? 2- Calculate theyield

A four-year bond with a 14% coupon can be bought for $1,200. 1-Is the yield to maturity greater or less than 14%? 2- Calculate theyield assuming that coupons are paid annually. 3- Now recalculateth 2 answers

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