Telstra has a fixed bond that has 6 years left to maturity. It has a semi-annual coupon
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Telstra has a fixed bond that has 6 years left to maturity. It has a semi-annual coupon payment with a coupon rate of 4% per year and has a face value of $1000. Currently, this bond is trading $1106.34. What is its yield to maturity? What is the bond's price a year from now (when interest rate remains the same)?
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