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The Garland Corporation has a bond outstanding with a $70 annual interest with semiannual payment, a market price of $810, and a maturity date in

The Garland Corporation has a bond outstanding with a $70 annual interest with semiannual payment, a market price of $810, and a maturity date in 10 years. Assume the par value of the bonds is $1,000.

Find the following: (Use a Financial calculator to arrive at the answers. 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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