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Show work: A 11% semiannual pay NYC bond has exactly 12 years to maturity and is currently trading at 104. What is the bond's current
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A 11% semiannual pay NYC bond has exactly 12 years to maturity and is currently trading at 104. What is the bond's current YTM? Assuming a 50 basis point increase in yield, what's the bond new price? Assuming a 50 basis point decrease in yield, what's the bond new price?
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