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10. A 15-year, 7 percent coupon rate bond is selling for $839.27.a. What is the current yield?b. What is the yield to maturity using the

10. A 15-year, 7 percent coupon rate bond is selling for $839.27.a. What is the current yield?b. What is the yield to maturity using the trial-and-error approach with annual calculations?c. Why is the current yield higher/lower than the yield to maturity?

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