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A 5 year, 9% semiannual pay coupon bond with a $1,000 par value can be called in 3 years at a price of $1,050. The
A 5 year, 9% semiannual pay coupon bond with a $1,000 par value | ||||||
can be called in 3 years at a price of $1,050. The bond currently sells | ||||||
for $960. | ||||||
a. What is the bond's current yield? | ||||||
b. What is the bond's yield to maturity? | ||||||
c. What is the bond's yield to call? |
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