Price and yield-semiannual coupon bond matures

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Price and yield

A 7% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 7.4109%.

A. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. $

B. What is the bond's YTM? Do not round intermediate calculations. Round your answers to two decimal places.

Reference no: EM131317394

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