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3. Calculate the yield to maturity for the following: a) Dizzy Corp. bonds bearing a coupon...

3. Calculate the yield to maturity for the following:

a) Dizzy Corp. bonds bearing a coupon rate of 8%, pay coupons semiannually, have two years remaining to maturity, and are currently priced at $980 per bond.

b) Canadian Natural Resource’s bond has coupon rate of 4.850%, its term to maturity is 29 years, price is $104.27.

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