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Today you paid $4,600 for a bond with following characteristics: Face Value = $5,000. Coupon rate = 9% semi-annual. Maturity = 15 years. What is

Today you paid $4,600 for a bond with following characteristics: Face Value = $5,000. Coupon rate = 9% semi-annual. Maturity = 15 years. What is your YTM (Yield to Maturity)?

Immediately after receiving your 9th coupon payment, you sell the Bond to Adam for $5,800. What is your HPY? What is Adams yield to maturity?

Immediately after receiving 8coupon payments, Adam sells the bond to Brenda. Brendas YTM = 10%. What is Adams HPY?

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