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The Exley Company bonds are currently selling for $1,041.30. These bonds mature in seven years, pay semiannual interest and have a yield to maturity of

The Exley Company bonds are currently selling for $1,041.30. These bonds mature in seven years, pay semiannual interest and have a yield to maturity of 6.75%. What is the coupon rate?

B: The Exley company offers a 6% coupon bond with semiannual payments and a yield to maturity of 7.27%. The bonds mature in 6 years. What is the market price of a $1,000 face value bond?

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