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Calculate the yield to maturity on the following bonds. (2 marks) a. A 9 percent coupon (paid semiannually) bond, with a $1,000 face value and

Calculate the yield to maturity on the following bonds. (2 marks) a. A 9 percent coupon (paid semiannually) bond, with a $1,000 face value and 15 years remaining to maturity. The bond is selling at $985. b. An 8 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $915. c. An 11 percent coupon (paid annually) bond, with a $1,000 face value and 6 years remaining to maturity. The bond is selling at $1,065.

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