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A bond has a 13% coupon rate with semiannual coupons and matures in 13 years. The bond has a $1,000 face value and a current
A bond has a 13% coupon rate with semiannual coupons and matures in 13 years. The bond has a $1,000 face value and a current yield of 14.7%. Part 1 - 8 Attempt 2/10 for 10 pts. What is the bond's price (in $ )? Correct Currentyield=CurrentpriceAnnualcouponCurrentprice=CurrentyieldAnnualcoupon=0.147130=884.35 Part 2 Attempt 1/10 for 10 pts. What is the bond's yield to maturity
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