Assume that three years ago you purchased corporate bond

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1. Assume that three years ago you purchased a corporate bond that pays 6.0 percent. The purchase price was $1070.

What is the annual dollar amount of interest that you receive from your bond investment?

2. Determine the current yield on a corporate bond investment that has a face value of $1080, pays 10 percent, and has a current price of $1320.

Reference no: EM131347746

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