A 9% semiannual coupon bond matures in 5 years. The bond has a face value...
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A 9% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.9503%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the bond's YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answers to two decimal places. %
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