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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: a. Coupon rate % b. Current yield % c. Approximate yield to maturity % c. Exact yield to maturity %

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