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Bond valuation and yield to maturity Personal Finance Problem Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity

Bond valuation and yield to maturity
Personal Finance Problem
Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of 4 years, a par value of $1,000, and a yield to maturity of 8.20%. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of 6.321% paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.80% paid annually.

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