An 8% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000

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An 8% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.3977%.

What is the bond's price? Round your answer to the nearest cent. $_______

What is the bond's YTM? Round your answers to two decimal places. _______%

Related Book For answer-question

College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Posted Date: Apr 30, 2019 09:02 AM

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An 8% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000

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Bond Par Value 1000 Coupon Rate 8 semiannually Time to M... View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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