Bonds of Zello Corporation with a par value of $1,000 sell for $960, mature in five years, and have a 7% annual coupon r

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answerhappygod
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Bonds of Zello Corporation with a par value of $1,000 sell for $960, mature in five years, and have a 7% annual coupon r

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Bonds of Zello Corporation with a par value of $1,000 sell for$960, mature in five years, and have a 7% annual coupon rate paidsemiannually. Compute the current yield and YTM. Hint: Inwhat situation a bond can have current yield greater than YTM?
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