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You purchase a 3.50% coupon bond that pays interest semi-annually and has a par value of $1,000. It matures in 12 years and is

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You purchase a 3.50% coupon bond that pays interest semi-annually and has a par value of $1,000. It matures in 12 years and is selling today for $958. Calculate the yield to maturity: On a spreadsheet that you email to me, show your work for this calculation using either the YIELD or RATE formula in Excel. a. 3.9427% Ob. 3.8786% c. 3.5624% d. 4.0000%

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