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An XYZ bond has 20 years until maturity, a coupon rate of 7 percent and sells for $920.00. 1. What is the current yield on

An XYZ bond has 20 years until maturity, a coupon rate of 7 percent and sells for $920.00.

1. What is the current yield on the bond?

2. What is the yield to maturity?

3. If an appropriate discount rate is 8%, what the bond price should be?

4. Considering question 3, if XYZ Company wants to issue a new 20-year bond at face value, what coupon rate must the bond offer

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