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XYZ Corp.s outstanding bonds have a $5,000 par value and they mature in 5 years. Their yield-to-maturity is 8%, annual coupon rate is 6%, and
XYZ Corp.s outstanding bonds have a $5,000 par value and they mature in 5 years. Their yield-to-maturity is 8%, annual coupon rate is 6%, and semi-annual compounding.
- (a) What's the bond's current market price?
- (b) What is the bonds current yield?
- (c) If the Yield-to-maturity is 4%, what's the bond's current market price?
please write the answer and how you worked it out on here instead of paper
- (d) If the Yield-to-maturity is 4%, what is the bonds current yield?
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