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Consider a five-year, default-free bond with annual coupons of 4% and a face value of...

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Consider a five-year, default-free bond with annual coupons of 4% and a face value of $1,000 and assume zero-coupon yields on default-free securities are as summarized in the following table: Maturity Zero-Coupon Yields 1 year 3.00% 2 years 3.30% 3 years 3.50% 4 years 3.70% 5 years 3.80% a. What is the yield to maturity on this bond? b. If the yield to maturity on this bond increased to 4.20%, what would the new price be

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