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Skagit Corp, issued 20 -year bonds 3 years ago at a coupon rate of 2.5 percent. The bonds make semiannual payments. If these bonds currently
Skagit Corp, issued 20 -year bonds 3 years ago at a coupon rate of 2.5 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value (assume $1,000 ), what is the YTM on this bond? Sample answer format: enter 3.24 for 3.24% and NO\% sign. Please rank the following three bonds based on their interest rate risk: from highest to lowest. Assume all other characteristics of the three bonds are equivalent. 1: 30 -year 5% coupon II: 15 -year 5% coupon III: 30 -year 2% coupon III>>>> |s|t III III >1 A>III>
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