Placing eleven books into her backpack

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1. A student has thirteen books that she would like to place in her backpack.? However, there is only room for eleven books. Regardless of the? arrangement, how many ways are there of placing eleven books into her backpack?

2. The bonds of a public firm make annual coupon payments at a rate of 7.35%. The par value of the bonds is $1,000. The bonds currently sell at $1,150. What is the yield to maturity (YTM) if the bonds mature in 12 years?

Reference no: EM131977658

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