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Bond problem: price a 7% bond that matures in 7.5 years if the (annual) market rate of return (YTM) is 6%? (Remember, the coupons are

Bond problem: price a 7% bond that matures in 7.5 years if the (annual) market rate of return (YTM) is 6%? (Remember, the coupons are semi-annual)

The same bond as in #20 (coupon rate, maturity) but the price suddenly drops to 950 (and Silicon Valley Bank owns it). What's the annual YTM?

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