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Elliott Enterprises bonds currently sell for $ 1 , 0 2 6 . 5 7 , have a 6 . 5 % coupon rate, and
Elliott Enterprises bonds currently sell for $ have a coupon rate, and $ par value, pay interest annually, and have years to maturity.
aCalculate the bonds current yield.
bCalculate the bonds yield to maturity YTM
cCompare the YTM calculated in part b to the bonds coupon rate and current yield calculated in part a Use a comparison of the bonds current price and par value to explain these differences.
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