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An investor purchased a corporate bond for $ 9 1 5 . The bond pays 3 . 7 5 % interest and matures this year.

An investor purchased a corporate bond for $

915 .

The bond pays

3.75 %

interest and matures this year. Calculate the current yield on the bond investment at the time of purchase. Determine the yield to maturity on the bond investment at the time of purchase.

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