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Q3 (25 marks) a) Citi Bank, bond carries an 7.5% coupon, paid semiannually. The par value is $1,000, and the bond matures in seven years.

Q3 (25 marks) a) Citi Bank, bond carries an 7.5% coupon, paid semiannually. The par value is $1,000, and the bond matures in seven years. If the bond currently sells for $911.37, what is its yield to maturity? What is the effective annual yield

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