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a) The outstanding bonds of The Purple Fiddle are priced at $898 and mature in nine years. These bonds have a 6 % coupon and

a) The outstanding bonds of The Purple Fiddle are priced at $898 and mature in nine years. These bonds have a 6 % coupon and pay interest annually. Calculate Yield to maturity of the bonds. b) Do you think agency problems arise in sole proprietorships and/or partnerships? Explain

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