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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
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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

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