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Problems 4&5 4. Does a bond's yield to maturity determine its price or does the price determine the yield to maturity? Explain why the yield

Problems 4&5 image text in transcribed
4. Does a bond's yield to maturity determine its price or does the price determine the yield to maturity? Explain why the yield of a bond that trades at a discount exceeds the bond's coupon rate. 5

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