Question: Bond MGCR is a $ 1 , 0 0 0 par, 6 - year, 4 . 5 % semi - annual coupon bond. Assume a

Bond MGCR is a $1,000 par, 6-year, 4.5% semi-annual coupon bond. Assume a required return of 6%.
(a) Calculate the current price of the bond. (6 POINTS)
(b) Calculate the current yield of the bond. (4 POINTS)

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