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Problem 5-14 A. Current Yield with Semiannual Payments A bond that matures in 10 years...

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Accounting

Problem 5-14 A. Current Yield with Semiannual Payments

A bond that matures in 10 years sells for $1,190. The bond has a face value of $1,000 and a yield to maturity of 9.7489%. The bond pays coupons semiannually. What is the bond's current yield? Do not round intermediate calculations. Round your answer to two decimal places.

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B.

Yield to Maturity and Current Yield

You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and has an 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Round your answer to two decimal places.

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