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A bond with a face value of $1,000 matures in 12 years and has a 9% semiannual coupon. The bond has a current yield of 1296.
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1,000 9% 2 45 A 9 A Face value (FV) 10 BCoupon rate 11 C Number of compounding periods per year 12 AxB:C Interest per period

$ 1,000 9% 2 $ 9 10 45 11 A B A Par value (FV) B Coupon rate C Number of compounding periods per year D = AxB/C Interest per

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