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1. Horse companys 15 year bonds sells for $920. They make annual coupon payments of $90. What is the current yield on the horse companys

1. Horse companys 15 year bonds sells for $920. They make annual coupon payments of $90. What is the current yield on the horse companys bonds?

2. What is the present value of $1,000 per year at a discount rate of 18%, If the first payment is to be recieved 6 years from now and the last payment is to be received 14 years from now

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