A 9 semiannual coupon bond matures in 6 years what is the, Financial Management

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A 9 semiannual coupon bond matures in 6 years what is the

A 9% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.9918%.

a) What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent.

b) What is the bond's YTM? (Hint: Refer to Footnote 7 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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Financial Management: A 9 semiannual coupon bond matures in 6 years what is the

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Financial Management: A 9 semiannual coupon bond matures in 6 years what is the

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