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Consider a bond with the following features: Exactly 7 years to maturity 9% coupon rate, paid semi-annually 8% yield to maturity $100 par value Part

Consider a bond with the following features: Exactly 7 years to maturity 9% coupon rate, paid semi-annually 8% yield to maturity $100 par value

Part 1. What is the price of the bond today?.

Part 2. Suppose you hold the bond until maturity and its yield does not change. What would be your annualized rate of return?

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