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The Garland Corporation has a bond outstanding with a $ 8 0 annual interest with semiannual payment, a market price of $ 8 0 0
The Garland Corporation has a bond outstanding with a $ annual interest with semiannual payment, a market price of $ and a maturity date in years. Assume the par value of the bonds is $ Find the following: Use a Financial calculator to arrive at the answers. Round the final answers to decimal places. a The coupon rate nominal yield b The current yield. c The yield to maturity. d The yield an investor would realize if coupon payments were reinvested at percent holding period return
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