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Find what is current yield and current bond price

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Reference no: EM132729869

Problem 1: A company issued bond has a 10% coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years to maturity. If investors require a 12% yield, what is the current bond price? What is the current yield?

Reference no: EM132729869

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