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4) The Haku Company sold bonds with a 7 year maturity 2 years ago (i.e., the market today considers these bonds to be 5 year
4) The Haku Company sold bonds with a 7 year maturity 2 years ago (i.e., the market today considers these bonds to be 5 year bonds). The bonds pay interest semiannually, have a 6% coupon, and a par value of $1,000. The current yield on the bond today is 6.75%. a) What is the price (to the nearest penny) of the bond today? b) What is the annual yield to maturity (to two decimal places) on the bond today
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