Each of the bonds shown in the following table pays interest annually. a. Calculate the yield to

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Each of the bonds shown in the following table pays interest annually.

a. Calculate the yield to maturity (YTM) for each bond.
b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain.

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Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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