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A bond matures in 5 years and pays a 6.00% annual coupon. The bond has a face value of $1,000 and currently sells for $1,020.

A bond matures in 5 years and pays a 6.00% annual coupon. The bond has a face value of $1,000 and currently sells for $1,020. What is the bonds current yield? Same fact as #3, what is the yield to maturity of the bond?

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