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There is a coupon bond on the market. It has face value of 100 and is paying 6% coupon rate and matures in 3 years.

There is a coupon bond on the market. It has face value of 100 and is paying 6% coupon rate and matures in 3 years.

  1. What is the price of the bond if the YTM is 5%.
  2. What would the YTM need to be so the bond would be at par value?

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