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Question 3 (2 points) Consider a 25-year bond with 11 percent annual coupon payments. The market rate (YTM) is 7.5 percent for this bond. The
Question 3 (2 points) Consider a 25-year bond with 11 percent annual coupon payments. The market rate (YTM) is 7.5 percent for this bond. The current yield of the bond is percent. Answer it in percentage without the % sign, and round it to two decimal place, e.g., 5.49. Your
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