P11.10 Compute the current yield of a 10%, 25-year bond that is currently priced in the market

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P11.10 Compute the current yield of a 10%, 25-year bond that is currently priced in the market at $1200. Use annual compounding to find the promised yield on this bond. Repeat the promised yield calculation, but this time use semi-annual compounding to find yield-to-maturity.

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