An 7 semiannual coupon bond matures in 4 years the bond has, Financial Management

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An 7 semiannual coupon bond matures in 4 years the bond has

An 7% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 7.4185%.

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

What is the bond's YTM? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answers to two decimal places.

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Financial Management: An 7 semiannual coupon bond matures in 4 years the bond has

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