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  3. a bond has a 13% coupon rate with semiannual coupo

A bond has a 13% coupon rate with semiannual coupons and matures in 11 years....

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Question

Finance

A bond has a 13% coupon rate with semiannual coupons and matures in 11 years. The bond has a $1,000 face value and a current yield of 14.3%.

Part 1

What is the bond's price?

Part 2

What is the bond's yield to maturity?

Answer & Explanation Solved by verified expert
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