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Bonds: (10 marks) a You purchased a 15-year, 3% semi-annual coupon bond today with a Yield-to-Maturity of 5.5%. The bond has a face value of

Bonds: (10 marks) a You purchased a 15-year, 3% semi-annual coupon bond today with a Yield-to-Maturity of 5.5%. The bond has a face value of $1,000. A. [7 marks] Calculate the price of the bond today, when you purchased it. (round to the cent) B. [3 marks] One year later you sell the bond for $1,000. What is the YTM when you sell the bond? Explain briefly

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