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An XYZ April 2060 bond with a 6.43 percent coupon interest rate and a par value of $1,000.00 recently had a price of 91.914. Calculate
An XYZ April 2060 bond with a 6.43 percent coupon interest rate and a par value of $1,000.00 recently had a price of 91.914. 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.) b. To purchase this bond, you would have to pay $ (Round to the nearest cent.) c. The current yield is %. (Round to two decimal places.)
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