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A bond with face value $1,000 has a current yield of 6.8% and a coupon rate of 88%. o. If interest is paid annually, what

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A bond with face value $1,000 has a current yield of 6.8% and a coupon rate of 88%. o. If interest is paid annually, what is the bond's price? (Do not round intermediate calculations. Round your answen b, is the bond's yield to maturity more or less than 8.8%? Prev3 012 Next

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