If interest is paid annually-what is the bonds price

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Reference no: EM13878452

Bond Yields. A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%. (LO6-1)

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%?

Reference no: EM13878452

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