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Bond with 6 years remaining to maturity at 8% annual coupon payment. The bond par value is at $1000. iii) if bond value is trade
Bond with 6 years remaining to maturity at 8% annual coupon payment. The bond par value is at $1000.
iii) if bond value is trade at $900 and coupon payment are paid semi-annually, compute yield to maturity and current yield. Explain and interpret your answers. (9 marks)
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