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Julio purchased a $ 1 , 0 0 0 corporate bond with a 4 % coupon rate. The bond is currently quoted at 1 0

Julio purchased a $

1, 000

corporate bond with a

4 %

coupon rate.

The bond is currently quoted at

106 .

1 .

What is the current price of the bond?

2 .

Given the current bond price, what is the current yield of the bond?

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