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Question 2. A bond with 8% annual-coupon has the face value of $1,000 and the current price of $950. This bond still has 3 years

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Question 2. A bond with 8% annual-coupon has the face value of $1,000 and the current price of $950. This bond still has 3 years to mature. a. What is the yield-to-maturity of the bond? (4) b. What would be the yield-to-maturity for the bond when coupon is paid semi-annually? (8)

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