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Question 8 Given the information below; Par value Coupon rate Maturity Current quoted price Yield to maturity $1000 6% May 15, 2020 98.70 6.03% a)

Question 8

Given the information below;

Par value

Coupon rate

Maturity

Current quoted price

Yield to maturity

$1000

6%

May 15, 2020

98.70

6.03%

a) Dollar price of bond?

b) Bond current yield?

c) Selling at par, discount or premium? Why?

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