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13 Assume you purchased a high-yield corporate bond with a face value of $1,000 at its current market price of $850 on January 2, 2010.

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13 Assume you purchased a high-yield corporate bond with a face value of $1,000 at its current market price of $850 on January 2, 2010. It pays 5 percent interest and will mature on December 31, 2019. ints (a) Determine the current yield on your bond investment at the time of purchase. (Enter your answer as a percent rounded to 2 decimal places.) ent yield eBook Print O(b) Determine the yield to maturity on your bond investment at the time of purchase. References Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity

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