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HW9 #1) Today, a bond has a coupon rate of 6.62 percent, par value of 1,000...

HW9 #1)

Today, a bond has a coupon rate of 6.62 percent, par value of 1,000 dollars, YTM of 11.3 percent, and semi-annual coupons with the next coupon due in 6 months. One year ago, the bond’s price was 969.92 dollars and the bond had 10 years until maturity. What is the current yield of the bond today? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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