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Question 2 20 pts Bond Features Maturity (years) Face Value = $1,000 Coupon Rate = 2.00% Current Price = $990 Coupon dates (A

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Answer #1

Yield to call is calculated using the RATE function:

=RATE(nper,pmt,pv,fv)

=RATE(3,2%*1000,-990,1020)

=3.00%

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