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Quiver Archery's bond currently is selling for $1006; it's value 1 year ago was $996. The bond has a $1000 maturity value and a coupon
Quiver Archery's bond currently is selling for $1006; it's value 1 year ago was $996. The bond has a $1000 maturity value and a coupon rate equal to 7%, and it matures in 8 years. Interest is paid annually. Compute (a) the current yield and capital gains yield Quiver's bondholders earned during the year and (b) the bond's yield to maturity today.
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