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You are interested in purchasing a GM 5 of 2027. Your broker quotes a price of $99.00. Calculate the approximate yield to maturity. What

You are interested in purchasing a GM 5 of 2027. Your broker quotes a price of $99.00. Calculate the approximate yield to maturity. What will happen to the approximate yield to maturity if the price of the bond drops to $95.00? o What will happen to the price of the bond if the yield to maturity increases? Why?

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