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An 8% semiannual coupon bond matures in 5 years. The bond has a face value...

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Accounting

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An 8% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8.3832%. What are the band's price and YTM? (Hint: Refer to Footnote 6 for the definition or the current yield and to Table 7.1) 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: %

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