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An 7% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 7.4185%.

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.

Financial Management, Finance

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  • Reference No.:- M91546983

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