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A bond was issued 5 years ago, with a coupon rate of 6%, and a maturity of 25 years. If the market interest rate is
A bond was issued 5 years ago, with a coupon rate of 6%, and a maturity of 25 years. If the market interest rate is 7%, calculate the bond price, current yield, and yield to maturity. Interest is paid semiannually. Show your computations in the space provided below.
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