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Finding the yield: Consider a particular annual-coupon bond with a coupon rate of 6.25% with 17 years remaining to maturity. It is currently priced at
Finding the yield: Consider a particular annual-coupon bond with a coupon rate of 6.25% with 17 years remaining to maturity. It is currently priced at $904.04. What is the bonds YTM?
What is the price of a bond that pays an annual coupon of $62.5 at the end of every year and has 18 years until maturity? The par value is $1000. Use a yield to maturity of 6.25%. What if the same bond pays an annual coupon of $62.5 semi-annually (at the end of every six months)?
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