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Suppose a $1,000 par-value bond with semiannual coupons has 18 months to maturity and a price of $1004.28 and a yield-to-maturity of 5.10% (expressed as
Suppose a $1,000 par-value bond with semiannual coupons has 18 months to maturity and a price of $1004.28 and a yield-to-maturity of 5.10% (expressed as an APR, semiannual compounding). The bonds next coupon is due in 6 months. What is the bonds coupon rate? What is the current yield?
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