A 3-year corporate bond with a $1,000 par value pays an annual 5% coupon annually....
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Finance
A 3-year corporate bond with a $1,000 par value pays an annual 5% coupon annually.
a) If the bond is currently selling at $1,100, what is the bonds annual yield to maturity?
b) If the bond is currently selling at $900, what is the bonds annual yield to maturity?
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