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Thanks 4. (15) A 20-year, 4% annual coupon bond sells at discount of $960. The bond has a face value of $1,000. a. What is

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4. (15) A 20-year, 4% annual coupon bond sells at discount of $960. The bond has a face value of $1,000. a. What is this bond's expected total return (YTM)? b. What are the bond's current yield (CY) and the expected capital gains yield (CGY)? c. Suppose that this bond can be called in 6 years for a 5% call premium. Find this bond's expected YTC

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