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Preston Corporation has a bond outstanding with a $ 1 1 0 annual interest with a semiannual coupon payment, a market price of $ 1

Preston Corporation has a bond outstanding with a $110 annual interest with a semiannual coupon payment, a market price of $1,087, and a maturity date in 5 years. Assume the par value of the bonds is $1,000.
Find the following: (Use a Financial calculator to arrive at the answers. Round the final answers to 2 decimal places.)
a. The coupon rate (nominal yield).
%
b. The current yield.
%
c. The yield to maturity.
%
d. The yield an investor would realize if coupon payments were
reinvested at 13 percent.
%

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