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The Pioneer Petroleum Corporation has a bond outstanding with an $90 annual interest payment, a...

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Finance

The Pioneer Petroleum Corporation has a bond outstanding with an $90 annual interest payment, a market price of $860, and a maturity date in four years. Assume the par value of the bond is $1,000.

Find the following

Coupon rate:

Current yield:

Approximate yield to maturity:

Exact yield to maturity:

Answer & Explanation Solved by verified expert
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