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JW's outstanding bond issue has 1 year remaining until maturity. The bonds were issued with a 6 percent coupon rate that is paid semi-annually and
JW's outstanding bond issue has 1 year remaining until maturity. The bonds were issued with a 6 percent coupon rate that is paid semi-annually and a par value of $1,000. Because of the increased risk, the required rate rose to 9%. Calculate the HPY & HPR.
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