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What are the annual yield-to-maturity for the following bonds? a- A zero-coupon bond reimbursed at $100 in ten years and currently selling at $38. b-
What are the annual yield-to-maturity for the following bonds?
a- A zero-coupon bond reimbursed at $100 in ten years and currently selling at $38.
b- A perpetual bond with an annual coupon of $8 and currently selling at $110.
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