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QUESTION 9 The Arnold National Bank has a bond portfolio that consists of bonds with 5 years to maturity and a 9% coupon rate having

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QUESTION 9 The Arnold National Bank has a bond portfolio that consists of bonds with 5 years to maturity and a 9% coupon rate having a face value of $1,000 These bonds are selling in the market for $1.126 Coupon payments are made annually on this bond 1- What is the yield to maturity on these bonds? 2. What is duration of these bonds

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