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Several years ago, Shaun purchased a 5% bond for $840. Currently the bond sells for $1,237 and has 11 years to maturity. What do you

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Several years ago, Shaun purchased a 5% bond for $840. Currently the bond sells for $1,237 and has 11 years to maturity. What do you know about the yield to maturity (YTM) of the bond, and how have interest rates changed since the bond was purchased? YTM > 5%, rates have decreased YTM > 5%, rates have increased YTM

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