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Calculate the yield to maturity on the following bonds: A. A 9.9 percent coupon (paid semiannually) bond, with a $1000 face value and 24 years
Calculate the yield to maturity on the following bonds:
A. A 9.9 percent coupon (paid semiannually) bond, with a $1000 face value and 24 years remaining to maturity. The bond is selling at $940.
B. A 10.4 percent coupon (paid quarterly) bond, with a $1000 face value and 10 years remaining to maturity. The bond is selling at $906.
C. An 9.4 percent coupon (paid annually) bond, with a $1000 face value and 10 years remaining to maturity. The bond is selling at $1056
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