A 10-year Circular File bond pays interest of $70 annually and sells for $960. What are...

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A 10-year Circular File bond pays interest of $70 annually and sells for $960. What are its coupon rate and yield to maturity

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Answer 1

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COUPON RATE 7.00% [ 70/1000] NPER = YEARS TO MATURITY 10 PMT = $70.00 (face value x coupon rate) FACE VALUE $1,000.00 PRICE =

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