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Based upon the current price of 60% of face value, calculate Yield to Maturity for Interest Arrears Bonds (use IRR functions on Excel for all...

Based upon the current price of 60% of face value, calculate Yield to Maturity for Interest Arrears Bonds (use IRR functions on Excel for all subsequent yield calcs). Current reference US Treasury rate for 10-year bonds is 2.00%. 

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