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i) The 8 percent coupon bonds issued by Safety Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. The

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i) The 8 percent coupon bonds issued by Safety Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. The current yield is 7.22 percent. At what price, the bond is currently selling? ii) Rooftop Properties offers bonds with a coupon rate of 8.8 percent paid semiannually. The bond is currently selling at $850.34 and the maturity date is 9 years from today. What is the yield to maturity of this bond if the face value is $1,000? iii) What is the bond rating? Explain the difference between a bond and a stock.

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