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1. Jones Corp. bonds have 10 years to maturity, annual coupon interest of 6%, $1,000 par value, and a yield to maturity of 10%. a.

1. Jones Corp. bonds have 10 years to maturity, annual coupon interest of 6%, $1,000 par value, and a yield to maturity of 10%.

a. Find the current price for the bond.

b. Find the Current Yield and the Capital Gains earned during the next year.

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