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1. Bond yields (LO16-2) The Pioneer Petroleum Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a

1. Bond yields (LO16-2) The Pioneer Petroleum Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a maturity date in five years. Find the following:

a. The coupon rate.

b. The current rate.

c. The yield to maturity.

***HOW DO I SOLVE THIS ON A TI-84 CALCULATOR?

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