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please type out formulas used, not only on an excel sheet. thankyou A 8.80 percent coupon bond matures in 20 years. It is offered for
please type out formulas used, not only on an excel sheet. thankyou
A 8.80 percent coupon bond matures in 20 years. It is offered for sale at 97 percent of par. Assume interest payments are semiannual and the par value of the bond is $1,000. a. What is the bond's Current Yield (CY)? b. What is the bond's Yield to Maturity (YTM)? c. What is the bond's effective annual yield? Show your work Step by Step Solution
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