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You currently hold a 20-year bond issued by the PB&J Corporation. You bought the bond...

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Finance

  1. You currently hold a 20-year bond issued by the PB&J Corporation. You bought the bond 4 years ago. The PB&J bond is semi-annual and has a yield to maturity of 7%. The current price of the bond is $988.
    1. What is annual coupon rate?

    2. Is this bond a premium or a discount bond?

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