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Please show the formulas for each step. Consider a bond with a coupon rate of 3%, a YTM of 4%, and a face value of

Please show the formulas for each step. Consider a bond with a coupon rate of 3%, a YTM of 4%, and a face value of $1000. Coupon payments are made annually. The bond matures in 3 years. Please document the bond value, current yield, and capital gains yield each year for the bond. Explain what is happening to bond value, current yield, and capital gains yield as the bond reaches maturity.

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