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An 8% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.4524%. 1-What is
An 8% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.4524%.
1-What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent.
2-What is the bond's YTM? Do not round intermediate calculations. Round your answers to two decimal places.
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