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The bond shown in the following table pays interest annually. (Click on the icon here in order to copy the contents of the data table

The bond shown in the following table pays interest annually. (Click on the icon here in order to copy the contents of the data table below into a Yield to maturity spreadsheet.) Years to maturity Par value $500 Coupon interest rate 8% Current value $550 a. Calculate the yield to maturity (YTM) for the bond. b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain

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