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Suppose a particular corporate bond has a face (par) value of $100, 000, a coupon rate of 7% per annum, semi-annual interest payments, and 10

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Suppose a particular corporate bond has a face (par) value of $100, 000, a coupon rate of 7% per annum, semi-annual interest payments, and 10 years to maturity. An interest payment has just been made and the current annual yield to maturity is 8.4 %. What is the current market price of this bond? What is the current effective annual yield to maturity of the bond? Express your answer as a percentage correct to 2 decimal places. We have: n = 10, 2n = 20, r_d = 0.084, r_d/2 = 0.042, M = $100, 000

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