What is the current yield of bond

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Reference no: EM132050920

What would be the current price of a bond maturing in 20 years if it promised annual coupons of $60 and has a 7% yield to maturity? Assume a par value of $1000

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What is the current yield of the bond in the problem above?

PLEASE SHOW ALL WORK

Reference no: EM132050920

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