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Bonds 1 A bond has a par value of $1,000, a market price of $1,012, and a coupon rate of 5.75 percent. What is the

Bonds

1 A bond has a par value of $1,000, a market price of $1,012, and a coupon rate of 5.75 percent. What is the current yield?

2 A 6.5 percent coupon bond has a face value of $4,000 and a current yield of 6.61 percent. What is the current market price?

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