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A firm has a non-callable bond maturing in 9 years with a par value of $1,000. Those bonds make annual coupon payments of $64. The
A firm has a non-callable bond maturing in 9 years with a par value of $1,000. Those bonds make annual coupon payments of $64. The market interest rate on similar bonds is 4.125%. What is the bonds price (round your answer to two decimal places)?
A companys non-callable bonds currently sell for $1,210. They have a 20-year maturity, a coupon rate of 7% with semiannual payments, and a par value of $1,000. What is their yield to maturity (round your answer to two decimal places)?
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