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What is the yield to maturity for each of the following bonds. Show the interest rate to two decimal points (e.g. 12.25%). A. Par value

What is the yield to maturity for each of the following bonds. Show the interest rate to two decimal points (e.g. 12.25%).

A. Par value $1,000, coupon rate 8%, 10 years to maturity, quarterly payments with a price

of $1,000.

B. Par value $1,000, 10 years to maturity, annual payments, price $850.

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