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A company's bonds have a face value of $1,000. The bonds carry a 6% coupon, pay interest semiannually, and mature in 5 years. What is

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A company's bonds have a face value of $1,000. The bonds carry a 6% coupon, pay interest semiannually, and mature in 5 years. What is the current value of these bonds if the yield to maturity is 8.69%? 12 15 Your Answer: 18 Answer 21 Question 29 (1 point) Your grandfather purchased a $1,000 face-value bond 10 years ago. When he purchased the bond, it had 30 years to maturity and a coupon rate of 5% paid annually. Now you want to sell the bond and read that the yield on similar bonds is 5.84%, what can you sell the bond for today? 24 Your Answer: 27 30

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