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Compute the current yield of a(n) 8.5%, 20-year bond that is currently priced in the...

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Finance

Compute the current yield of a(n) 8.5%, 20-year bond that is currently priced in the market at $1,275. Use annual compounding to find the promised yield on this bond. Repeat the promised yield calculation, but this time use semiannual compounding to find yield-to-maturity.

The current yield is %. (Round to two decimal places.)

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