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Unformatted text preview: D= 12.81% E= 8.95% b. The yield to maturity on a bond with a current price equal to its par value will always equal the coupon interest rate. When the bond value differs from par, the yield to maturity will differ from the coupon interest rate. 18) n= 12 i= 14% PMT= $50 FV= 1,000 PV= $841.15...
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- Fall '08