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Using a financial calculator , solve the following and show/explain your work. (Do not use excel) 2. What is the yield to maturity on a

Using a financial calculator, solve the following and show/explain your work. (Do not use excel)

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2. What is the yield to maturity on a bond that has a price of $980 and a coupon rate of 12% per annum for 6 years at the end of which it repays the principal of $1000? Is the bond selling at premium, at par, or at discount? How can you tell

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