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Preston Corporation has a bond outstanding with an annual interest payment of $110, a market price of $1,320, and a maturity date in 8 years.

Preston Corporation has a bond outstanding with an annual interest payment of $110, a market price of $1,320, and a maturity date in 8 years. Assume the par value of the bond is $1,000.

Find the following:

a. coupon rate -

b. current yield -

c. approx yield to maturity -

d. exact yield to maturity -

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