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Problem 7-13 Price and yield An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current

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Problem 7-13 Price and yield An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.1503%. What is the bond's price? Round your answer to the nearest cent. What is the bond's YTM? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places

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