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Question: Mary Glover purchased ten $1,000 corporate bonds issued by Avon Products. The annual interest rate for the bonds is 6.5 percent.

a. What is the annual interest amount for each Avon Products bond?

b. If the bonds have a current bond price quotation of 112, what is the current price of the bond?

c. Given the above information, what is the current yield for an Avon Products bond?

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Category:- Basic Finance
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