Price and yield-an 6 semiannual coupon bond matures in 4, Financial Management

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Price and yield-an 6 semiannual coupon bond matures in 4

Price and yield

An 6% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 6.6634%.

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: Price and yield-an 6 semiannual coupon bond matures in 4

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Financial Management: Price and yield-an 6 semiannual coupon bond matures in 4

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