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1. Find the price of a bond given the following: par = $1,000, 30-year original issue, 8 years old; annual interest payments. Yield to maturity
1. Find the price of a bond given the following: par = $1,000, 30-year original issue, 8 years old; annual interest payments. Yield to maturity (market rate) = 6%; coupon rate = 4%. 2. For the above bond, what is the current yield
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