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You are considering purchasing a 15-year 8% unsecured bond at a price of $960: a) How much is the bonds face value? (Show calculation) b)

You are considering purchasing a 15-year 8% unsecured bond at a price of $960:

a) How much is the bonds face value? (Show calculation)

b) How much is the bonds coupon? (Show calculation)

c) What is the bonds current yield? (Show calculation)

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