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Problem 12 You have until 11:59 PM to complete this assignment. Intro A bond has...

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Question

Accounting

Problem 12

You have until 11:59 PM to complete this assignment.

Intro

A bond has a 14% coupon rate with semiannual coupons and matures in 13 years. The bond has a $1,000 face value and a current yield of 15.4%.

Part 1

What is the bond's price?

Part 2

What is the bond's yield to maturity?

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