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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. (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 J% SHOW SOLUTION LINK TO TEXT (b) X Your answer is incorrect. Try again. 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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