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Calculate the yield to maturity on the following bonds: A 8.2 percent coupon (paid semiannually) bond, with a $1,000 face value and 22 years remaining
Calculate the yield to maturity on the following bonds:
- A 8.2 percent coupon (paid semiannually) bond, with a $1,000 face value and 22 years remaining to maturity. The bond is selling at $895.
- An 5.3 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $915.
- An 7.3 percent coupon (paid annually) bond, with a $1,000 face value and 8 years remaining to maturity. The bond is selling at $1,065.
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