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Suppose you buy a 2 year 5% bond that has a yield to maturity (YTM) of 6%. What is the price of the bond? (Bonds
Suppose you buy a 2 year 5% bond that has a yield to maturity (YTM) of 6%. What is the price of the bond?
(Bonds is semi-annual, yield measures is stated a s annual percentage rate)
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