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. Question 12 (4p) A two-year 30% coupon bond with face value $100 has a yield to maturity of 5%. The current yield on one-year

. Question 12 (4p) A two-year 30% coupon bond with face value $100 has a yield to maturity of 5%. The current yield on one-year zero-coupon bonds is 1% and investors expect that next year the yield ...

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