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Each of the bonds shown in the following table pays interest annually. (Click the icon here in order to copy the contents of the data
Each of the bonds shown in the following table pays interest annually. (Click the icon here in order to copy the contents of the data table above into a spreadsheet.) Bond Par Value Coupon Interest Rate Years to Maturity Current Value A $1,000 7.8% 6 $807 B $1,000 11.8% 17 $1,022 $500 11.2% 13 $553 D $1,000 15.5% 10 $1,137 E $1,000 5.6% 4 $917 a. Calculate the yield to maturity (YTM) for each bond. b. What relationship exists between the coupon interest rate and yield to maturity and par value and market value of a bond? Explain
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