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Zeta Co. placed bonds in the market that sll have 18 years le unl maturity. The bonds, which offer a 4.3% annual coupon, are currently

Zeta Co. placed bonds in the market that sll have 18 years le unl maturity. The bonds, which offer a 4.3% annual coupon, are currently selling at a price of $870 each. (Remember that bond prices are always quoted using a base $1,000 par value) a) Before you do any calculaons, do you believe the YTM will be higher, at par, or lower than the coupon rate of the bonds? Explain why. b) Calculate the current YTM

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