About the price and yield

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Reference no: EM132024818

Price and yield

A 7% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 7.6009%.

What is the bond's price? Round your answer to the nearest cent. $

What is the bond's YTM? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places. %

Reference no: EM132024818

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