Question: A bond with face value $1,000 has a current yield of 8.0% and a coupon rate of 10.0%. a. If interest is paid annually, what

A bond with face value $1,000 has a current yield of 8.0% and a coupon rate of 10.0%. a. If interest is paid annually, what is the bond's price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. If the bond is selling at $950, is its yield to maturity more or less than 10.0%

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