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QUESTION
Bond Yields - A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%. a. If interest is paid annually, what is the bond's
Bond Yields - A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%.
a. If interest is paid annually, what is the bond's price?
b. Is the bond's yield to maturity more or less than 8%?
