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Each of the bonds shown in the following table pays interest annually. Bond- Par value- Coupon interest rate- Years to maturity- Current value A $1,000-

Each of the bonds shown in the following table pays interest annually. Bond- Par value- Coupon interest rate- Years to maturity- Current value A $1,000- 9%- 8- $ 820 B 1,000- 12- 16- 1,000 C 500- 12- 12- 560 D 1,000- 15- 10- 1,120 E 1,000- 5- 3- 900 a. Calculate the yield to maturity (YTM) for each bond. b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain

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