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A bond has a 13% coupon rate with semi-annual coupons and matures in 12 years. The bond has a $1,000 face value and a current
A bond has a 13% coupon rate with semi-annual coupons and matures in 12 years. The bond has a $1,000 face value and a current yield of 15.44%.
1.) What is the bond's price?
2.) What is the bond's yield to maturity? Enter your answer as a decimal
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