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You purchase a bond for $ 875. It pays $ 25 interest semiannually. The bond matures in 15 years. a) What is the current coupon
You purchase a bond for $ 875. It pays $ 25 interest semiannually. The bond matures in 15 years. a) What is the current coupon rate? b) What is the current yield? b) What is the yield to maturity?
a)
b)
c) Hint: Rate NPER PMT PV FV
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