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Yield to maturity The bond shown in the following table pays interest annually. (Click on the icon located on the top-right corner of the data
Yield to maturity The bond shown in the following table pays interest annually. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet) Par value $100 Coupon interest rate 11% Years to maturity 15 Current value $80 a. Calculate the yield to maturity (YTM) for the bond. b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain. a. The yield to maturity YTM) for the bond is % (Round to two decimal places)
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