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7-13 PRICE AND YIELD A 7% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield
7-13 PRICE AND YIELD A 7% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 7.5401 %. What are the bond's price and YTM? (Hint: Refer to footnote 7 for the definition of the current yield and to Table 7.1.)
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Practical Financial Management
Authors: William R. Lasher
4th Edition
0324260768, 9780324260762
