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QUESTIONS What is the price of a 20 year 6% bond? Suppose similar bonds have a yield to maturity of 4%. (For this and subsequent

QUESTIONS What is the price of a 20 year 6% bond? Suppose similar bonds have a yield to maturity of 4%. (For this and subsequent problems, show your work on a separate piece of paper that you will photograph and send to your section instructor) QUESTION Suppose you buy a 20 year 6% bond for $960. What is the yield to maturity for this bond? State your answer as a percentage X.XX%

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