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MBCC Annual Coupon and Current Price of A Bond Quoted Price Question
I’m working on a business question and need guidance to help me learn.
A bond has a quoted price of $1,200.00. It has a face value of $1,000, a semiannual coupon of $40, and a maturity of five years. What is its current yield? What is its yield to maturity? Which is bigger? Why?
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