An 6 semi-annual coupon bond matures in 5 years the bond, Financial Management

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An 6 semi-annual coupon bond matures in 5 years the bond

Price and yield

An 6% semi-annual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 6.8307%.

What is the bond's price? Round your answer to the nearest cent.

What is the bond's YTM? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places.

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Financial Management: An 6 semi-annual coupon bond matures in 5 years the bond

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Financial Management: An 6 semi-annual coupon bond matures in 5 years the bond

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