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  • 14-03-2024
  • Business
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Bond MGCR is a $1,000 par, 6-year, 4.5 % semi-annual coupon bond. Assume a required return of 6%. (a) Calculate the current price of the bond. (b) Calculate the current yield of the bond.
A) (a) $1,000; (b) 4.5%
B) (a) $1,000; (b) 6%
C) (a) $1,117.28; (b) 6% D) (a) $1,117.28; (b) 4.5%

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