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4. (1 point) Company A issued 25-year bonds two years ago at a coupon rate of 5.6 percent and a face value of $1000.

4. (1 point) Company A issued 25-year bonds two years ago at a coupon rate of 5.6 percent and a face value of $1000. The bonds make semiannual payments. a. If these bonds currently sell for 97 percent of face value, what is the YTM? b. If these bonds currently sell for $1120, What is the current yield of the bond?

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