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You buy a(n) 14.9% coupon, 8-year maturity bond for $1,056.23. A year later, the bond price is $1,284.96. a. What is the new yield to
You buy a(n) 14.9% coupon, 8-year maturity bond for $1,056.23. A year later, the bond price is $1,284.96. a. What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity % A General Motors bond carries a coupon rate of 13.40%, has 25 years until maturity, and sells at a yield to maturity of 7.34%. What price does the bond sell? (Assume annual interest payments) Numeric Response
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