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Charlotte's Clothing issued a 7 percent bond with a maturity date of 1 6 years. Six years have passed and the bond is selling for
Charlotte's Clothing issued a percent bond with a maturity date of years. Six years have passed and the bond is selling for $ Assume that the bond pays interest annually.
What is the current yield? Round your answer to two decimal places.
What is the yield to maturity? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number.
If four years later the yield to maturity is percent, what will be the price of the bond? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar.
$
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