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Hint: On excel try out different scenarios of coupon rate ( which will provide PMT) and YTM (RATE) and with par value of $1000, calculate

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Hint: On excel try out different scenarios of coupon rate ( which will provide PMT) and YTM (RATE) and with par value of $1000, calculate Price of the bond (PV) Bond sold at par Choose [Choose) Coupon rate is higher than YTM (Yield to maturity rate Coupon rate is lower than YTMYield to maturitate Coupon rate and YTM (Yield to maturity rate are same Bond sold at discount Bond sold at premium Choose 1

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