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Cru Shoes issued a 1 0 year bond. Coupons are paid semi - annually, the bonds have a $ 1 , 0 0 0 par

Cru Shoes issued a 10 year bond. Coupons are paid semi-annually, the bonds have a $1,000 par value, and the coupon rate is 5.25% and a YTM of 4.75%. If the bonds are currently selling at $1,075. What should you be willing to pay for the bond? What is the relationship between YTM and bond price?

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