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dan smith purchased a Treasury bond this morning for $ 9 3 . 9 2 ( $ 1 0 0 face value ) . The
dan smith purchased a Treasury bond this morning for $$ face value The bond had years to maturity on the purchase date and the coupon rate was Coupons are paid semiannually. The bond can be called years after it is purchased by Mr msith for $ per $ of face. Mr smith sells the bond exactly three years after purchase He receives the th coupon and sells the bond Determine the yield to maturity at which Mr smith must sell the bond such that he earns a realized return of APR
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