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Problem 13 (two points) What is the price of 7%, 5-year, $1,000 bond with semi-annual coupons if the (a) YTM is 12%: (b) YTM is

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Problem 13 (two points) What is the price of 7%, 5-year, $1,000 bond with semi-annual coupons if the (a) YTM is 12%: (b) YTM is 6%

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