Question: Please write out steps 1. Find the yield to maturity for the following different types of debt instruments: a. A simple loan for $500,000 that

Please write out steps 1. Find the yield to maturity for the following different types of debt instruments: a. A simple loan for $500,000 that requires a payment of $700,000 in 4 years. b. A discount bond with a price of $9,000, which has a face value of $10,000 and matures in 2 years. c. A corporate bond with a face value of $1,000, a price of $975, a coupon rate of 10%, and a maturity of 5 years. d. A student loan of $2,500, which requires payments of $315 per year for 25 years. The payments start in 1 year, (i.e. at the end of the first year).

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