Question: please solve and show work (Assume the bonds par value is $1,000 unless otherwise specified.) 1. Bond yields (LO16-2) The People's Corporation has a bond

please solve and show work

(Assume the bonds par value is $1,000 unless otherwise specified.) 1. Bond yields (LO16-2) The People's Corporation has a bond outstanding with an $80 annual interest payment, a market price of $700, and a maturity date in five years. Find the following: a. The coupon rate. b. The current rate. c. The yield to maturity

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