What is the bonds current yield-bond face value

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Reference no: EM13951888

You are considering purchasing a 15-year 8% unsecured bond at a price of $960:

a) How much is the bond’s face value? (Show calculation)

b) How much is the bond’s coupon? (Show calculation)

c) What is the bond’s current yield? (Show calculation)

Reference no: EM13951888

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