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Tart Industries issued bonds with 1 2 years to maturity, an 8 . 2 % annual coupon rate that sell for $ 9 2 5
Tart Industries issued bonds with years to maturity, an annual coupon rate that sell for $ Assume coupon payments are made semiannually.
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a What is the current yield for Vandelay's bonds?
b What is the YTM on Vandelay's bonds?
c Assume that the YTM remains constant for the next years. What will the price be years from today?
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