What is the current yield and price of the bonds

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Reference no: EM13971977

-Heath Foods' bonds have 7 years remaining to maturity. The bonds have a yield to maturity of 8% and have a 9% coupon rate. What is the current yield?

-Nungesser Corporation has issued bonds that have a 9% coupon rate, mature in 8 years and a yield to maturity of 8.5%. What is the price of the bonds?

Reference no: EM13971977

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