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A simple discount bond pays $500,000 in one year. Find the yield to maturity when the price of the bond is i. $480,000 ii. $490,000

A simple discount bond pays $500,000 in one year. Find the yield to maturity when the price of the bond is

i. $480,000 ii. $490,000 iii. $500,000

What happens to the yield to maturity as the price of the bond increases?

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