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please show your calculations 3. Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with 10% coupon rate

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3. Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with 10% coupon rate if the market price is given in the table. Show some of your work. Years to Face value Bond Price Approx. YTM Maturity 4 1000 1100 5 1000 1050 1000 1000 8 1000 750 o o on A

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