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Draw the cash flow for each bond. Determine the par value based on bond type, the yield to maturity, term, and coupon payments, paid semiannually.

Draw the cash flow for each bond. Determine the par value based on bond type, the yield to maturity, term, and coupon payments, paid semiannually.

Part E: Yield to Call

  1. Suppose a bond has a price today of $800, a coupon rate of 4% annually, and six years to maturity. If coupon payments are made semiannually. Determine the yield to call.

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