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# annual interest of 7%. The bond matures in 20 years. If the present yield to maturity for this bond is 9%, calculate the current price of the bond...

annual interest of 7%. The bond matures in 20 years. If the present yield to maturity for this bond is 9%, calculate the current price of the bond using annual compounding.

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annual interest of 7%. The bond matures in 20 years. If the present yield to maturity for
this bond is 9%, calculate the current price of the bond using annual compounding.
Solution:
Assumption:...

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