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Red, Inc. has 7% coupon bonds on the market with 13 years to maturity. The par value of the bond is $1000. The bonds make

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Red, Inc. has 7% coupon bonds on the market with 13 years to maturity. The par value of the bond is $1000. The bonds make semiannual payments and currently sell for 104 percent of par (1) What is the YTM of the bonds? (2) What is the current yield on the bonds? (3) What is the capital gain yield

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