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A bond has a $1,000 par value, 10 years to maturity, a 7 percent annual coupon, and sells for $985. ... The bond has a face value of $1,000 and a current yield of 8.21 percent. What are the bond’s price and YTM? ... 11-1 Financial calculator solution: Input CF0 = -52125, CF1-8 = 12000, I/YR = 12, and then solve for NPV = $7,486.68. ... ................
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