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Jennifer's issued a 20 year, 12% coupon bond with a 1000 par value that pays coupons semi-annually. The bond was issued exactly ten years ago.

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Jennifer's issued a 20 year, 12% coupon bond with a 1000 par value that pays coupons semi-annually. The bond was issued exactly ten years ago. The bond's YTM is 20% What is the price of this bond today (Give your answer to 2dp) (5 marks). ered 100 Answer 5 Using the information fro the question above, what is the bond's current yield? (Give your answer as a percentage to 2dpie. XX.XX%) (2 marks). vered of 100 Answer 6 wered Using the information from question 4. If the current price this bond were $700. Approximate the bond's YTM (Give your answer as a percentage to 4dpie xx xxx%) (3 marks). New messages (19) ut of 100

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