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Preston Corporation has a bond outstanding with an annual interest payment of $90, a market price of $1,310, and a maturity dafe in 10 years

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Preston Corporation has a bond outstanding with an annual interest payment of $90, a market price of $1,310, and a maturity dafe in 10 years Assume the par value of the bond is $1,000 Fnd the tollowing (Use the approximation formula to compute the approximate yeld to maturity and use the calculator method to compute the exact yieid to maturty, bo not rou answers as a percent rounded to 2 decimal places) a. Coupon rate b. Current yield c-1. Approximate yicld to maturity c-2. Exact yield to maturity eBook &Resources

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