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Consider an 8% coupon bond selling for $953.10 with 3 years 2 maturity, compounded semi-annually. Calculate the yield to maturity (YTM) of the bond. (10

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Consider an 8% coupon bond selling for $953.10 with 3 years 2 maturity, compounded semi-annually. Calculate the yield to maturity (YTM) of the bond. (10 marks) A bond has a coupon rate of 9% and yield to maturity of 10%. Is the bond selling at par, discount or premium? Explain. (5 marks) Total 25 marks

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