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3. What is the yield to maturity of the following bond? Coupon 9% Maturity date 2027 Interest paid semiannually Par Value $1000 Market price $955.00

3. What is the yield to maturity of the following bond?

Coupon 9%

Maturity date 2027

Interest paid semiannually

Par Value $1000

Market price $955.00

4. What is the current yield of bond in Question 3?

Please show all work so I can have a better understanding on how to do this.

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