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The yield to maturity is the market interest rate for bonds of similar risk and maturity. It is Jan. 2,2014 , and interest payments occur
The yield to maturity is the market interest rate for bonds of similar risk and maturity. It is Jan. 2,2014 , and interest payments occur on Jan. 1 and July 1 of each year. Part 1 Attempt 2/10 for 10 pts. Part 2 [ 1 Attempt 2/10 for 10 pts. Part 3 B Attempt 3/10 for 10 pts. Using the appropriate discount rate, what is the present value of the cash flow in the last period? Add another row to your spreadsheet. Part 4 [ B Attempt 1/10 for 10 pts. What is the sum of present values? This is the fair value of the bond
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