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What is the approximate yield to maturity and the exact yield to maturity for the following bonds? Assume these are bonds issued in the U.S.
What is the approximate yield to maturity and the exact yield to maturity for the following bonds? Assume these are bonds issued in the U.S. (1) 10 years to maturity, 6% coupon rate, current price is $950. (2) 16 years to maturity, 0% coupon rate, current price is $339. Show your work including Variables and Formulas. Be as detailed as possible
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