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A bond has a coupon rate of 11 percent and mature in 15 years.Assuming semiannual coupons, what is the value of this bond?Similar bonds yield

A bond has a coupon rate of 11 percent and mature in 15 years.Assuming semiannual coupons, what is the value of this bond?Similar bonds yield 12 percent (YTM). What is the current yield on the bond?

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