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Bond Foffers an 13% annual coupon and has 12 years to maturity. If the annual required refurn on the bond is 15.6%, what is the

Bond Foffers an 13% annual coupon and has 12 years to maturity. If the annual required refurn on the bond is 15.6%, what is the relative price and YTM of the bond if it is priced correctly? Price $1000:YTM=15.6% Price >$1000; YTM =13%

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