Ch $07-$ End$-$of$-$Chapter Problems $-$ Bonds and Their Valuation

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Attempts

Keep the Highest $/2$

Problem $7\mathrm{.}13($Price And Yield$)$

A $6\%$ semiannual coupon bond matures in $6$ years. The bond has a face value of $$1,000$ and a current yield of $6\mathrm{.}9306\%.$ What are the bond's price and YTM$?($Hint: Refer to

Footnote $6$ for the definition of the current yield and to Table $7\mathrm{.}1)$ Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to

two decimal places.

Bond's price: $

YTM:

$\%$