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You have a $22,000 semi-annual 1.000% bond maturing in exactly 18 years. If it is priced to yield 8.250% then the bond has a market
You have a $22,000 semi-annual 1.000% bond maturing in exactly 18 years. If it is priced to yield 8.250% then the bond has a market value of
$ XXX
and the income yield is XXX%
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