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need help iii). A default free bond with 8.5% coupon making annual payment, $1000 par value that matures in 4 years is newly issued to

need help

iii). A default free bond with 8.5% coupon making annual payment, $1000 par value that matures in 4 years is newly issued to the market, what should the bond price be if it is correctly priced? What is the yield to maturity for the bond? (6 marks)

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