2. A semiannual coupon bond has a $1,000 par value, 9 years to maturity, and...
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2. A semiannual coupon bond has a $1,000 par value, 9 years to maturity, and a 4.5% coupon rate (APR) and sells for $990. [10 points] a. Find yield to maturity (YTM) b. Assume that the yield to maturity remains constant for the next six years. What will the price be six years from today
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