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PLEASE WRITE OUT & SHOW WORK!!!! 6. A bond with a par value of $1,000 and a maturity of 8 years is selling for $925.

PLEASE WRITE OUT & SHOW WORK!!!! image text in transcribed
6. A bond with a par value of $1,000 and a maturity of 8 years is selling for $925. If the annual coupon rate is 7%, what's the yield on the bond? What would be the yield if the bond had quarterly payments? 7. A bond has a par value of $1,000, a time to maturity of 8 years, and a coupon rate of 10% with interest paid annually. If the current market price is $875, what will be the approximate price of this bond at the end of the first year

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