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Intro A bond has a 13% coupon rate with semi-annual coupons and matures in 12 years. The bond has a $1,000 face value and a

Intro

A bond has a 13% coupon rate with semi-annual coupons and matures in 12 years. The bond has a $1,000 face value and a current yield of 8.16%.

Part 1

What is the bond's price?

Part 2

What is the bond's yield to maturity? Enter your answer as a decimal

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