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XYZCorp.'s outstanding bonds have a $1,000 par value and they mature in 20 years. Their yield-to-maturity is 5%, annual coupon rate is 3%, and semi-annual
XYZCorp.'s outstanding bonds have a $1,000 par value and they mature in 20 years. Their yield-to-maturity is 5%, annual coupon rate is 3%, and semi-annual compounding.
(a) What's the bond's current market price?
(b) What is the bond's current yield?
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