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A company has an AAA bond (Triple-A bond) with 14 years until maturity. The bond has...

A company has an AAA bond (Triple-A bond) with 14 years until maturity. The bond has a face value of $1,000 and carries a coupon rate of 5%. Semi-annual interest. Approximately what is the bond market yield today if the current price is $ 1,130?

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If Semi Annual Coupon Pmt Nper PV FV payment Number of periods Presnt value Face value Nper 14*2 1000*0.05*1/2 $ 28 25.00 (1,

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