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b) Calculate the yield to maturity of a coupon bond face value $30,000, purchased for $15000.00 with an interest rate of 8% per annum

b) Calculate the yield to maturity of a coupon bond face value $30,000, purchased for $15000.00 with an interest rate of 8% per annum that has 20 years to maturity and sold at 14 years. (5 Marks) Answer-

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