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Consider a bond with a 7 percent semi-annual coupon and a face value of $1000. Complete the following table. Note that yield to maturity is

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Consider a bond with a 7 percent semi-annual coupon and a face value of $1000. Complete the following table. Note that yield to maturity is quoted annually. Describe the relation between bond price and yield to maturity. Years to Maturity Yield to Maturity(percent) Current Prices 3 5 3 7 6 7 9 8 9 950 Consider a bond with a 7 percent semi-annual coupon and a face value of $1000. Complete the following table. Note that yield to maturity is quoted annually. Describe the relation between bond price and yield to maturity. Years to Maturity Yield to Maturity(percent) Current Prices 3 5 3 7 6 7 9 8 9 950

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