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The market price of a Billy bond is $956.78, it has 9 years to maturity, a par value of $1,000, and pays an annual coupon

The market price of a Billy bond is $956.78, it has 9 years to maturity, a par value of $1,000, and pays an annual coupon rate of 2.58% in semiannual installments. What is the yield to maturity?

If the coupon increases to 3.58% for the Billy bond, what is the effect on the yield?Why?

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