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Calculate the Yield to Maturity of the bond in Question 1 if the Market Price (i.e. PV) = $1,050.00. Remember to annualize your calculated YTM

Calculate the Yield to Maturity of the bond in Question 1 if the Market Price (i.e. PV) = $1,050.00. Remember to annualize your calculated YTM by multiplying by 4. Why is the YTM lower than the coupon rate?

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