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An XYZ April 2042 bond with a 7.81 percent coupon interest rate and a par value of $1,000.00 recently had a price of 92.316. Calculate
An XYZ April 2042 bond with a 7.81 percent coupon interest rate and a par value of $1,000.00 recently had a price of 92.316. Calculate the following: a. When will the bond mature? b. How much will you have to pay to purchase this bond? c. What is the current yield based on the price that you calculate in part b? a. The bond will mature in the year (Type a whole number.)
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