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4. Bond Yields. A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%. (LO6-1) a. If interest

4. Bond Yields. A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%. (LO6-1) a. If interest is paid annually, what is the bonds price? b. Is the bonds yield to maturity more or less than 8%?

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