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Calculate the effective annual interest rate corresponding to 9.6% per annum, compounded monthly Everything else equal bonds will require a higher promised YTM than bonds

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Calculate the effective annual interest rate corresponding to 9.6% per annum, compounded monthly Everything else equal bonds will require a higher promised YTM than bonds catastrophe; standard non-callable; callable mortgage; debenture AAA rated; BAA rated What is the price of a four year bond with a face value of $1000 which pays semi-annual coupon of 7.5% pa but is currently trading at 8% pa

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