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You are considering the purchase of a coupon bond with a face value of $1,000, which matures in 19 years, and pays 5.25% (annual) coupons. If the current market price of the bond is $1,030.21, estimate the Yield-to-Maturity (YTM) of the instrument. What is the YTM if the coupons are paid semi-annual?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92786769

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