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An XYZ April 2041 bond with a 5.5 percent coupon interest rate and a par...

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Finance

An XYZ April 2041 bond with a 5.5 percent coupon interest rate and a par value of $1,000 recently had a price of 95.625. Calculate the following:

- When will the bond mature?

- How much will you have to pay to purchase this bond?

- If you owned the bond, how much would someone have to pay to buy it from you?

- What is the current yield, assuming a closing price of 95.50?

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