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2. A bond has a face value of $1,000 and a price of $840. The bond matures in 18years, has a coupon rate of 10%,

2. A bond has a face value of $1,000 and a price of $840. The bond matures in 18years, has a coupon rate of 10%, and pays interest annually.

a. What is the bonds yield to maturity?

b. What is the bonds current yield?

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