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A bond that matures in 6 years sells for 950 the bond has a

A bond that matures in 6 years sells for $950. The bond has a face value of $1,000 and a 5.5% annual coupon. What is the bond’s yield to maturity, rd?

Assume that the yield to maturity remains constant for the next two years. What will be the price of the bond two years from today?

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Financial Management: A bond that matures in 6 years sells for 950 the bond has a

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