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Calculate YTM Assume a bond will mature in 20 years. A. Calculate the YTM for a bond with a price of $874 and annual payment
Calculate YTM Assume a bond will mature in 20 years. A. Calculate the YTM for a bond with a price of $874 and annual payment of $70. B. Calculate the price at the end of year 10. Calculate the price at the end of year 19. Explain the results.
No excel! Must use formulas.
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