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One year ago, a bond had a coupon rate of 10.18 percent, par value of $1000, YTM of 7.94 percent, and semi-annual coupons. Today, the

One year ago, a bond had a coupon rate of 10.18 percent, par value of $1000, YTM of 7.94 percent, and semi-annual coupons. Today, the bonds price is 1,087.77 and the bond has 6 years until maturity. What was the current yield of the bond one year ago? The next coupon is due in 6 months. Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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Bond A pays annual coupons, pays its next coupon in 1 year, matures in 12 years, and has a face value of 1,000 dollars. Bond B pays semi-annual coupons, pays its next coupon in 6 months, matures in 13 years, and has a face value of 1,000 dollars. The two bonds have the same yield-to-maturity. Bond A has a coupon rate of 11.52 percent and is priced at 1,235.48 dollars. Bond B has a coupon rate of 11.18 percent. What is the price of bond B?

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