Price and yield-what is the bond price

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Price and yield

A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.9408%.

What is the bond's price? Round your answer to the nearest cent.

What is the bond's YTM? Round your answers to two decimal places.

Reference no: EM131523661

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