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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Section 1: Please finish the following questions:
1.) A bond sells for $962.24 and has a coupon rate of 7.90 percent. If the bond has 24 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
| Yield to maturity | % |
       .a)LKD Co. has 12 percent coupon bonds with a YTM of 8.4 percent. The current yield on these bonds is  9.8 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
| Bonds mature | years |
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