Calculate the current market price of the bond

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ABC corporation bonds have 10 years remaining to maturity. Interest is paid annually, the par value is $1,000 and the original coupon rate is 5%. The current yield to maturity is 4%.

a) calculate the current market price of the bond: __________

b) calculate the current yield ; __________

c) when does the coupon rate of a bond equal the YTM? ___________

Reference no: EM131509233

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