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A bond issued by GE has a coupon rate of 4 . 1 2 5 % with semiannual payments, a par value of $ 1
A bond issued by GE has a coupon rate of with semiannual payments, a par value of $ and remaining maturity of exactly years. The bond is currently trading at a price in the market that reflects a yield to maturity for the bond of
a What must be the current price of the bond?
b What is the bond's current yield?
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