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Kelly' bonds have 4 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is
Kelly' bonds have 4 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 6.5 percent. The bonds have a yield to maturity of 7.2 percent. a. b. What is the annual coupon payment (INT)? What is the current market price of these bonds? What is the current yield for this bond?
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