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Suppose you buy a bond for $1230 with an 11.3% coupon maturing in 7 years. Part A ) Calculate the maturity . Part B )
Suppose you buy a bond for $1230 with an 11.3% coupon maturing in 7 years. Part A ) Calculate the maturity . Part B ) What is the yield to maturity if the bond pays quarterly . Part C ) Explain why the yield to maturity is higher or lower than the coupon.
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