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The yields to maturity on $1,000 par value risk-free zero-coupon bonds is presented in the table below: In this economy, the price and the yield
The yields to maturity on $1,000 par value risk-free zero-coupon bonds is presented in the table below: In this economy, the price and the yield to maturity of the 3-year bond that pays annual 5% coupons and has a par value of $1000 are: $1064.54 and 5% $1064,54 and 2.5% $1000 and 5% $1050 and 2.73% $1064.54 and 2.73%
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