Rule out a range of yields

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What is the approximate YTM on a 12-year semiannual coupon bond with a $1,000 par value and an annual coupon rate of 6% that is selling for $950? What type of bond is this? Without doing any calculations, can you rule out a range of yields? What is the reasoning that allows you to rule out a range of yields?

Reference no: EM131005896

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