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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 date 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 date in 10 years Assume the par value of the bond is $1,000 Find the following (Use the approximation formula to compute the appraximate yield to matunity and use the calculator method to compute the exact yield to maturity Do not round intermediate calculations Input your answers as a percent rounded to 2 decimal places a. Coupon rate b Current yield C-1. Approximate yield to maturity c 2. Exact yield to maturity 9001% eBook & Resources 1:30 PM 0/18/201

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