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The Pioneer Petroleum Corporation has a bond outstanding with an $90 annual interest payment, a market price of $850, and a maturity date in five

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The Pioneer Petroleum Corporation has a bond outstanding with an $90 annual interest payment, a market price of $850, and a maturity date in five years. Assume the par value of the bond is $1,000. Find the following: Note: Use the approximation formula to compute the approximate yleid to maturity and use the calculator method to compute the exact yleld to moturity. Do not round Intermediate calculations. Input your answers as a percent rounded to 2 decimal ploces

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