.a. What is the YTM of a perpetual bond with an annual coupon of $6 and currently selling at $108?
b. Suppose it is a zero-coupon bond with 9 years to maturity and currently selling at 45%, what is its YTM?
.a. What is the YTM of a perpetual bond with an annual coupon of $6 and currently selling at $108? b. Suppose it is a ze
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