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Bonds of Zero Corporation with a par value of $1,000 sell for $960, mature in five years, and have a 7% annual coupon rate paid

Bonds of Zero Corporation with a par value of $1,000 sell for $960, mature in five years, and have a 7% annual coupon rate paid semiannually. a. Calculate the:

(1) Current yield.

(2) Yield to maturity.

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