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Bonds of Francesca Corporation with a par value of $1,000 sell for $980, mature in four years, and have a 8% annual coupon rate paid

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Bonds of Francesca Corporation with a par value of $1,000 sell for $980, mature in four years, and have a 8% annual coupon rate paid semiannully. Do not round intermediate calculations, Round your answers to two decimal places. Calculate: a. current yield. % annually b. yield to maturity, to the nearest basis point. % annually c. horizon yield (or realized return) for an investor with a two-year holding period and a reinvestment rate of 6% over the period. At the end of two years, the 8% coupon bonds with two years remaining will sell to yield 8%. \% annually

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