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Bill has a 7-year, 8.9% bond issueselling for $991.78.

  1. What is the yield to maturity on this bond?

  1. Is the bond selling at a premium or a discount?

  1. What is the current yield on this bond?

Remember: bond interest payments are semi-annual, and maturityand face value are $1,000

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Lelia Lubowitz
Lelia LubowitzLv2
28 Sep 2019

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