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What is the price of a 5-year bond with a 7% annual coupon rate and face value of $1,000? The bond is trading at a
What is the price of a 5-year bond with a 7% annual coupon rate and face value of $1,000? The bond is trading at a yield of 7%. Coupons are to be paid annually. Assume annual interest compounding. Round your answer to the nearest cent (2 decimal places). 1,000 Question 9 2 pts What is the current yield for a 15-year 8% coupon bond with a par value of $1,000 that is selling for $1,043.65? Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321
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