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Suppose Echelon company issues a 30-year plain vanilla, fixed coupon bond at par ($1,000) with a coupon rate of 6%. The coupons are paid quarterly.

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Suppose Echelon company issues a 30-year plain vanilla, fixed coupon bond at par ($1,000) with a coupon rate of 6%. The coupons are paid quarterly. Calculate the price if interest rates on similar risk bonds is 9%. Calculate the YTM if the price was $1,154.96

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