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What is the price of a 20 year 6% bond? Suppose similar bonds have a yield to maturity of 4%. Suppose you buy a 15
What is the price of a 20 year 6% bond? Suppose similar bonds have a yield to maturity of 4%.
Suppose you buy a 15 year 5% bond for $940. What is the yield to maturity for this bond? State your answer as a percentage X.XX%
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