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Consider an 8% coupon bond selling for $953.10 with three years until maturity making annual coupon payments. The interest rates in the next three years

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Consider an 8% coupon bond selling for $953.10 with three years until maturity making annual coupon payments. The interest rates in the next three years will be, with certainty, ri-8%, r2 = 10%, and r3-12%. Calculate the bond's (a) yield to maturity and (b) realized compound yield. 9

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