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Check my work 14 Problem 14-23 10 points A 2-year bond with par value $1,000 making annual coupon payments of $120 is priced at $1,000.
Check my work 14 Problem 14-23 10 points A 2-year bond with par value $1,000 making annual coupon payments of $120 is priced at $1,000. Skipped a. What is the yield to maturity of the bond? (Round your answer to 1 decimal place.) eBook Yield to maturity % Print b. What will be the realized compound yield to maturity if the 1-year interest rate next year turns out to be (i) 7%, (ii) 9%, (iii) 11%? (Round your answers to 2 decimal places.) r Realized YTM 7% % 9% % 11% %
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