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A 7% semiannual coupon bond matures in 4 years. The bond has a face value of...

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Finance

A 7% semiannual coupon bond matures in 4 years. The bond has aface value of $1,000 and a current yield of 7.5198%. What are thebond's price and YTM? (Hint: Refer to Footnote 6 for the definitionof the current yield and to Table 7.1) Do not round intermediatecalculations. Round your answer for the bond's price to the nearestcent and for YTM to two decimal places.

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A 7% semiannual coupon bond matures in 4 years. The bond has aface value of $1,000 and a current yield of 7.5198%. What are thebond's price and YTM? (Hint: Refer to Footnote 6 for the definitionof the current yield and to Table 7.1) Do not round intermediatecalculations. Round your answer for the bond's price to the nearestcent and for YTM to two decimal places.

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