Is the ytm higher or lower than the coupon rate

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1. A corporate bond having at least 10 year to mature and compute

a. The bond's price (last)

b. Annual coupon interest ($)

c. Bond's current yield

d. Yield to maturity using semi-annual compounding. Show complete cash flows from the bond over its remaining life.

e. Compare the coupon rate and the YTM. Is the YTM higher/lower than the coupon rate? Why?

Reference no: EM131018268

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