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Clark Company has a 18-year, 6.40% semiannual coupon bond with a par value of $1,000. Currently, the bond can be called in 16 years at
Clark Company has a 18-year, 6.40% semiannual coupon bond with a par value of $1,000. Currently, the bond can be called in 16 years at a price of $1,064 and it currently sells for $1,100. a) What is the bonds nominal yield to maturity? b) What is the bond's nominal yield to call? c) What is the bond's current yield?
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