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Question 12 What is the yield to maturity for the following bonds? Assume these are bonds issued in the U.S. Use the Excel RATE function

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Question 12 What is the yield to maturity for the following bonds? Assume these are bonds issued in the U.S. Use the Excel RATE function to solve. v (a) Your answer is correct. 10 years to maturity, 6% coupon rate, current price is $950. (Round answer to 2 decimal places, e.g. 52.75.) Yield to maturity 6.69 SHOW SOLUTION LINK TO TEXT Attempts: 1 of 2 used (b) 16 years to maturity, 0% coupon rate, current price is $339. (Round answer to 2 decimal places, e.g. 52.75.) Yield to maturity %

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