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Nancy has one share of stock and one bond. The total value of the two securities is $ 1 , 0 9 1 . 6
Nancy has one share of stock and one bond. The total value of the two securities is $ The stock pays annual dividends. The next dividend is expected to be $ and paid in one year. In two years, the dividend is expected to be $ and the stock is expected to be priced at $ The stock has an expected return of percent per year. The bond has a coupon rate of percent and a face value of $; pays semiannual coupons with the next coupon expected in months; and matures in years. What is the YTM of the bond?
plus or minus
plus or minus
plus or minus bps
plus or minus
the answer cannot be obtained based on the given information
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