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Preston Corporation has a bond outstanding with a $70 annual interest with a semiannual coupon payment, a market price of $1,068, and a maturity date

Preston Corporation has a bond outstanding with a $70 annual interest with a semiannual coupon payment, a market price of $1,068, and a maturity date in 7 years. Assume the par value of the bonds is $1,000.

Find the following: Use Appendix B and Appendix C. (Do not round intermediate calculations. 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 9 percent. %

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