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Bond Value Coupon rate Interest Due Maturity Require Rate of Return Offered Price 20,000 11% Every 3 months 5yrs 12% 88 1/4 Required: Calculate the

Bond Value	Coupon rate	Interest Due	Maturity	Require Rate of Return	Offered Price
20,000	11%	Every 3 months	5yrs	12%	88 1/4

Required: Calculate the Exact and Approximate YTM.

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