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QUESTION

You are given the following partial quote from a newspaper dated Septemeber 29, 2015. Assume the bond has a face value of $1,000 and pay interest...

You are given the following partial quote from a newspaper dated Septemeber 29, 2015.

Assume the bond has a face value of $1,000 and pay interest semi-annually.

Coupon--- $8.00

Maturity-- September 29, 2035

Last Price ---121.40%

Est Spread---- 367

1. What is the yield to maturity on this Bond?

2.What is the current yield on this bond?

Is this a premium, discount, or par bond?

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