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Mr. Simpson buys a $1000, 4% bond with semi-annual coupons. The coupon is redeemable at par in 10 years. Also, Mr. Simpson paid a price

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Mr. Simpson buys a $1000, 4% bond with semi-annual coupons. The coupon is redeemable at par in 10 years. Also, Mr. Simpson paid a price for the band which is based on a yield to redemption date of 5% compounded semi annually. After receiving the 6th coupon, Mr. Simpson sells the bond to Omar for $1000. a. What is Mr. Simpson's yield? b. What is Omar's yield to maturity

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