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Consider a $1,000 par value bond with a 7 percent coupon. The bond pays interest semi-annually. There are 9 years remaining until maturity. What is

Consider a $1,000 par value bond with a 7 percent coupon. The bond pays interest semi-annually. There are 9 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 10 percent with semiannual compounding? Show your calculations

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