Price and yield-the bond has a face value of 1000 and a, Financial Management

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Price and yield-the bond has a face value of 1000 and a

PRICE AND YIELD A 7% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 7.6153%. What is the bond's price? Do not round intermediate calculations. 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.) Do not round intermediate calculations. Round your answers to two decimal places. %

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Financial Management: Price and yield-the bond has a face value of 1000 and a

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