Question: ABCE bond has 10 years until maturity and a coupon rate of 8% payable annually, and sells for $1,100. a. What is the current yield

ABCE bond has 10 years until maturity and a coupon rate of 8% payable annually, and sells for $1,100.
a. What is the current yield on the bond?
b. What is the yield to maturity?

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