A bond is currently trading at $99.50. The bond has nine months left to maturity and carries

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A bond is currently trading at $99.50. The bond has nine months left to maturity and carries a coupon of 3%. Coupons are paid semiannually (so the first coupon is due in three months). If the bond’s face value is $100, what is its ytm expressed with semiannual compounding? With continuous compounding?

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