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A bond has a face value of $1,000 and pays an annual coupon of $85....

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Accounting

A bond has a face value of $1,000 and pays an annual coupon of $85. It matures in 8 years and currently trades for $1,204.34.

a. What is the bond's coupon rate?

b. What is the bond's current yield?

c. What is the bond's yield to maturity?

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