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Current Yield with Semiannual Payments A bond that matures in 9 years sells for $950. The bond has a face value of $1,000 and

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Answer #1

Yield= 10.8853% Rate= Yield/2 = 5.443% Years to Maturity NPER 18 (Years to maturity x 2) Face Value($) 1000 Price($)=PV= 950

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