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Consider a $1,000 par value bond with a 9 percent annual coupon that is currently selling for $943. The bond pays interest annually. There are

Consider a $1,000 par value bond with a 9 percent annual coupon that is currently selling for $943. The bond pays interest annually. There are 15 years remaining until maturity.

a) What is the size of the annual coupon payments?

b) What is the current yield on the bond?

c) What is its Yield to Maturity?

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