Question: Question 1. RCL issues a 7-year fixed coupon bond paying coupons semi annually at a coupon rate of 7.50%. The bonds current price as a

Question 1. RCL issues a 7-year fixed coupon bond paying coupons semi annually at a coupon rate of 7.50%. The bonds current price as a percentage of par is $92.0185 and its future value is $1000.

a. What is the bonds YTM ?

b. What is the bonds Duration?

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