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An 8 percent semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.21 percent.
An 8 percent semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.21 percent. What are the bond's price and YTM The bond's price is $974.42 and the YTM is 4.23%. TRUE / FALSE
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