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An investor is considering purchasing a bond with a 6.34 percent coupon interest rate, a par value of $1,000, and a market price of $1,062.74.

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An investor is considering purchasing a bond with a 6.34 percent coupon interest rate, a par value of $1,000, and a market price of $1,062.74. The bond will mature in nine years. Based on this information, answer the following questions a. What is the bonds current yield? b. What is the bond's approximate yield to maturity? c. What is the bond's yield to maturity using a financial calculator? a. The bond's current yield is % (Round to two decimal places)

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