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Part 1 (20 marks) - Short Calculation Questions 1. (5 marks) A 5-year maturity, annual-pay, 8% coupon bond is selling at a 10% discount to

Part 1 (20 marks) - Short Calculation Questions 1. (5 marks) A 5-year maturity, annual-pay, 8% coupon bond is selling at a 10% discount to its face value. Calculate the yield to maturity using the approximate YTM formula

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