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Consider a bond that has an 8% coupon annually and a face value of $1,000. Calculate the yield to maturity if a) 20 years to

Consider a bond that has an 8% coupon annually and a face value of $1,000. Calculate the yield to maturity if a) 20 years to maturity and it is sold at $1,100 (5 marks) b) 12 years to maturity and it is sold at $900 ( 5 marks)

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