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A bond has a $1,000 par value, 12 years to maturity, and a 9% annual coupon and sells for $1,110. a. What is its yield to mat

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DATE: 1 ca Given, Par Value = $1000 Time [n] = 12 years Coupon Rate = 9% Current Price = $1110 Coupon Amount = 1000x94% = $90DAIL: Price = Coupon mount X Present Value Muncuty factor [ 7.66%, 9yeats face talue x Present value factor [7.66%, 9years ToPLEASE DON’T FORGET TO GIVE A THUMBS UP ??!!!

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