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Assume that the appropriate YTM on a bond is 11.8%, with a face value of $4,000 and reaches maturity in 30 years. The bond certificate

Assume that the appropriate YTM on a bond is 11.8%, with a face value of $4,000 and reaches maturity in 30 years. The bond certificate indicates that the stated coupon rate for this bond is 8%, and th...

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