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The Garland Corporation has a bond outstanding with a $60 annual interest with semiannual payment, a market price of $880, and a maturity date in

The Garland Corporation has a bond outstanding with a $60 annual interest with semiannual payment, a market price of $880, and a maturity date in 10 years. Assume the par value of the bonds is $1,000.

Find the following: Use Appendix B and Appendix C. (Do not round your intermediate calculations. Round the final answers to 2 decimal places.)

a. The coupon rate %
b. The current yield %
c. The yield to maturity %
d. The yield an investor would realize if coupon payments were reinvested at 6 percent (holding period return) %

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