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Problem 14-12 A 15-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 9%. Find the bond equivalent

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Problem 14-12 A 15-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 9%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.) Bond Equivalent Effective Annual Yield to Maturity Bond Prices Annual Yield to Maturity 940 0 a. b.$1,000 0 c. $1,040 0

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