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An 7% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 7.4169%. What is

An 7% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 7.4169%.

What is the bond's price? Round your answer to the nearest cent.

$

What is the bond's YTM? (Hint:Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places.

%

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