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Fincorp issues two bonds with 20-year maturities. Both bonds are callable at $1,030. The first bond is issued at a deep discount with a coupon rate of 4% and a price of $490 to yield 10.1%. The second bond is issued at par value with a coupon rate of 11.50% Required: a. What is the yield to maturity of the par bond
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Fincorp issues two bonds with 20-year maturities. Both bonds are callable at $1,030. The first bond...
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