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At t=0, you would like to purchase a seven-year, 7 percent coupon bond (paid annually) that is priced to yield 6 percent annually compounded (YTM

At t=0, you would like to purchase a seven-year, 7 percent coupon bond (paid annually) that is priced to yield 6 percent annually compounded (YTM = 6% annually compounded). The face value of the bond ...

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