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a 2 0 - year, 1 0 percent semiannual coupon bond, with a par value of $ 1 , 0 0 0 sells for $

20 -

year,

10

percent semiannual coupon bond, with a par value of $

1, 000

sells for $

1, 200 (

assume that the bond has just been issued today

) .

what is the bonds yield to maturity. What is the bonds current yeild?

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