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The following is the information on YTM of default-free zero coupon bonds. Consider a five-year, default-free bond with annual coupons of 5% and a face

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The following is the information on YTM of default-free zero coupon bonds. Consider a five-year, default-free bond with annual coupons of 5% and a face value of $1000. a. Without doing any calculations, determine whether this bond is trading at a premium or at a discount. Explain. b. What is the yield to maturity on this bond? c. If the yield to maturity on this bond increased to 5.2%, what would the new price be

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