14. A bond has a 10-year maturity, a 7% coupon rate, and sells for 120...
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14. A bond has a 10-year maturity, a 7% coupon rate, and sells for 120 percent of face value. Interest is paid and compounded annually. How much is its yield to maturity, expressed to the nearest 0.01%?
15. Suppose the bond in question 14 is callable in 3 years at 103% of face value. How much is the yield to call, expressed to the nearest 0.01%?
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