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One year ago, you purchased a $1,000 face value bond for a clean price of $980 . The bond currently has seven years remaining until
One year ago, you purchased a $1,000 face value bond for a clean price of $980 . The bond currently has seven years remaining until maturity, pays a coupon payment of $45 every six months, and has a yield to maturity of 6.87 percent. What is the percentage change in the bond price over the past year
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American Hat has $1,000 face value bonds outstanding with a market price of $1,150. The bonds pay interest semiannually, mature in 8 years, and have a yield to maturity of 5.98 percent. What is the current yield? Multiple Choice 7.28 percent 6.15 percent 6.44 percent 7.06 percent Step by Step Solution
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