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Part 2:Problem Solving Solve the following problem using the formula . 1. Amana, issued a 12 percent coupon bond with 10 years of maturity. What
Part 2:Problem Solving
Solve the following problem using the formula.
1. Amana, issued a 12 percent coupon bond with 10 years of maturity. What is the yield to maturity of this bond at 97.25% of par ? ( This problem should be done using the formula only, show all your work)
2. Wells Fargo, issued a 10 percent zero coupon bond with 10 yers to maturity. What is the yield to maturity of this bond if its is sold at 111% of par ? ( This problem should be done using the formula only, show all your work)
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