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What is the yield to maturity for the following bonds? Assume these are bonds issued in the U.S. Use the Excel RATE function to solve.

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What is the yield to maturity for the following bonds? Assume these are bonds issued in the U.S. Use the Excel RATE function to solve. (a) Your answer is correct. 10 years to maturity, 6% coupon rate, current price is $950. (Round answer to 2 decimal places, eg. 52.75.) Yield to maturity 6.69% 16 years to maturity,0% coupon rate, current price is $339, (Round answer to 2 decimal places, eg. 52.75.) Yield to maturity 6,88 % e Textbook and Media Attempts: 1 of 2 used Submit Answer Savetor Loter Last saved 3 seconds ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes (c) Your answer is incorrect. 25 years to maturity, 8.5% coupon rate, current price is $1.030. (Round answer to 2 decimal places, eg. 52.75.) Yield to maturity 822 %

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