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Company CZZ has 9 % coupon bonds on the market with 14 years to maturity. Face value of the bond is 1000. If the bonds

Company CZZ has 9 % coupon bonds on the market with 14 years to maturity. Face value of the bond is 1000. If the bonds make semiannual payments and the YTM is 4% calculate the current bond price.

Continuing to it: If the bonds make semiannual payments and the YTM is 4% calculate the current yield of the bond. Express your answer as a percent.

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