Price and yielda 7 semiannual coupon bond matures in 5, Ask an Expert

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Price and yield

A 7% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 7.4109%.

A. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. $

B. What is the bond's YTM? Do not round intermediate calculations. Round your answers to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92071999

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